Turkey’s Sabancı Holding sees first half sales reach $5.5 bln
ISTANBULSabancı 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 Aug. 18.
According to a Sabancı statement, operational profitability increased by 21 percent to 4.3 billion liras ($1.22 billion) in the first six months of 2017, compared to the same period of the previous year, according to data compiled by Anadolu Agency.
Its net profit rose to 790.2 million liras ($224.15 million) in the second quarter from 712.1 million liras a year ago.
Total assets rose to 326.58 billion liras ($92.74 billion) in the first half of 2017 and the total equity capital of the consolidated main shareholder rose to 24.56 billion liras (some $6.97 billion).
“We continue to grow day by day with the power, experience, and culture we have received from our history of more than 90 years,” said Mehmet Göçmen, Sabancı Holding’s CEO.