Sabanci Holding 2Q net profit up 5%, Turkey

Sabanci Holding 2Q net profit up 5%, Turkey
Published: 31 August 2010

Turkish conglomerate Sabanci Holding saw net profit rise five per cent in the second quarter as the group’s cash inflow was boosted by profits in

Sabanci, which owns 41 per cent of Akbank, reported a TRL420.2m (US$276.1m) net profit in the quarter, up from TRL399.8m in the same period last year. Sales reached TRL1.96bn, higher than TRL1.67bn in the second quarter of last year.