Bolu Cimento posts higher profits

Bolu Cimento posts higher profits
Published: 22 February 2006

Turkish cement producer Bolu Cimento posted a 38 mln lira (US$27.9m) net profit in 2005, up from 21.7 mln lira (US$15.9m) in 2004.  Gross profit was 50 mln lira ($36.8m). Net sales revenue stood at 127.9 mln lira ($94.2m). Earnings per share (EPS) were 0.3 lira ($0.22). Bolu Cimento is majority owned by the cement division of Turkish army pension fund Oyak.