Dexia net profit up 42 pct, gives three year plan for Denizbank UPDATE.

(From AFX Europe (Focus))

(Adds further details)

ISTANBUL (AFX) - Franco-Belgian financial group Dexia SA has posted full-year and fourth-quarter results which show a 42 pct rise in net profit due to one-off items, as well as improved underlying profit following the integration of Turkey's Denizbank, in which it bought a 75 pct stake in last May.

For the fourth quarter, net profit rose to 786 mln eur from 553 mln last year, in line with analyst estimates of 704.4-878.0 mln eur.

Underlying profit rose to 529 mln eur from 449 mln last year, again in line with forecasts of 501.7-552.0 mln eur.

This excludes one-off items, but includes …