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Sabancı Holding, Turkey’s second biggest group of companies, posted a net profit worth 1.104 billion Turkish Liras in the first six months of 2011, the company announced in a statement on Thursday.
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“The group’s profits for companies excluding finance firms have increased by 60 percent [in the first half of 2011, compared to the same period last year],” said Zafer Kurtul, Sabancı’s chief executive officer.
The firm’s consolidated sales grew 13 percent to more than 10.72 billion liras in the first half of the year. While the net profit of the company was 1.1 billion liras, it incurred a consolidated profit worth 2.5 billion liras during the same period.
Sabancı’s manufacturing firms have grown 71 percent, energy companies by 28 percent, retail firms by 17 percent and cement companies by 13 percent in the first half of 2011, Kurtul said. |
Source : hurriyetdailynews.com
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