Arcelik's big Q1 profit miss sends shares down

** Shares in Arcelik ARCLK fall 3.5%, among worst performers on Turkey's BIST 100 index XU100, after the Turkish domestic appliances maker posted much weaker-than-expected Q1 profit

** Q1 net profit falls 69% year-on-year to 395.1 million lira ($12.19 million), well below analysts' profit expectation of 1.45 billion lira, cited by Ak Yatirim analysts

** Ak Yatirim says higher-than-expected taxes and financial expenses might be the main reasons for the profit fall, expecting a negative share reaction

($1 = 32.4132 liras)