Tüpraş, OMV Petrol Ofisi, Turkish Airlines named Turkey’s top three companies

ISTANBUL

Tüpraş, OMV Petrol Ofisi and Turkish Airlines have been named Turkey’s largest companies by a leading economy and business magazine. 

The results of the Top 500 Private Company Survey of Turkey, organized by Capital Magazine in Vodafone’s main sponsorship, were announced in a ceremony held in Istanbul late on Dec. 14, Anadolu Agency reported.

Within the scope of the study, companies were given 24 awards in eight categories in terms of revenue, profitability, exports and employment figures.

Companies that contribute to the sustainable growth of the Turkish economy in the survey were ranked mainly according to their revenue. 

Tüpraş, OMV Petrol Ofisi and Turkish Airlines were named the largest companies in Turkey, while Yatağan Thermal Power Generation, Cengiz Energy and Kipaş Paper Industry Operations were declared the companies that had increased their revenue the most. 

Turkish Airlines, Turkcell and Tüpraş were ranked first in the most profitable company category, while Borusan Logistics Distribution, Plasmar Plastic and Eser Contracting were named the top three in the category of companies that had maximized their profits the most.

Ford Otosan, Tüpraş and Oyak Renault were named the biggest exporters by the magazine, while Mobiltel, Melike Textiles and Koluman Motorized Vehicles were named as the biggest those that had increased their exports the most.

Aksa Electric, Altin Ateş Kimya and Gediz Electric Retail Sales were the top employers, while Türk Telekom, BİM and LC Waikiki saw the biggest increase in employment.

Kibar Holding founder and Honorary President Asım Kibar received an honorary award, while the Vodafone Digitalization Special Award, which was awarded for the time, was received by Migros Ticaret A.Ş. Information Technologies and Business Development Director Kerim Tatlıcı.

Vodafone Turkey Executive Manager Colman Deegan noted that digitalization was playing a critical role in the success of institutions and would further increase this role in the future, making it possible to put clients at the center of every job they do and enable them to digitize.

According to the Digitization Index, Deegan emphasized that every 10-point increase in digitization means an additional interest of 1.5 percent and profit margin before tax.