Turkish cement company Mardin Cimento said on March 20, 2007 that its net profit increased by 36.7 per cent YoY to TRL89.067m (US$63.85m) in 2006.
The company’s sales rose by 20 per cent to TRL143.9m (US$103.15m) last year.
Mardin Cimento is part of the local conglomerate Oyak.
Turkish cement producer Bolu Cimento, also owned by Oyak, said its profit increased by 6.5 per cent on the year to TRL6.153m (US$4.41m) in 2006.
Bolu Cimento will propose for shareholders’ approval the payment of a net dividend representing 38.75 per cent of each share with a nominal value of 1.0 lira.