Turkey’s Oyak Cement registers $60.4m net profit in 1Q07

Turkey’s Oyak Cement registers $60.4m net profit in 1Q07
Published: 08 June 2007

Turkey’s Oyak Cement Group said it registered a net profit of TRY79.7m (US$60.4m) in the first quarter of 2007.  
 
The group, which includes listed companies  Adana Cimento,  Bolu Cimento, Unye Cimento and Mardin Cimento, said first-quarter sales rose by 40 per cent on the year to TRY150.2m (US$113.75m). Profit margin reached 53.1 per cent. 
 
Oyak Cement Group has a production capacity of 7Mt clinker and 12Mt cement. The company leads in the sector with 14 per cent market share since 2005.