Economy

Turkey’s Sabanci Holding sees H1 sales reach $5.45B

By Huseyin Demir

ANKARA

Sabanci Holding, a prominent Turkish conglomerate, saw its consolidated sales increase 11 percent to 19.2 billion Turkish liras (around $5.45 billion) year-on-year in the first half of 2017, the business said on Friday.

According to a Sabanci statement, operational profitability increased by 21 percent to 4.3 billion Turkish liras (some $1.22 billion) in the first six months of 2017, compared to the same period of the previous year.

Total assets rose to 326.58 billion Turkish liras (some $92.74 billion) as of the first half of 2017 and the total equity capital of the consolidated main shareholder rose to 24.56 billion Turkish liras (some $6.97 billion)

Sabancı Holding’s CEO, Mehmet Gocmen, said: “We continue to grow day by day with the power, experience and culture we have received from our history of more than 90 years.”

*With writing by Gokhan Ergocun


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