Turkish Akcansa Jan-Sept 2004 net profits

Turkish Akcansa Jan-Sept 2004 net profits
Published: 29 November 2004

Turkish cement producer Akcansa Cimento reported a net profit of 54.3 trln  lira (US$38.2m) for the first nine months of 2004, compared to 14.1 trn lira (US$9.9m) for the same period of 2003.  

The company’s gross profit stood at TRL70.8 trln (US$49.7m), up from 18.2 trln lira (US$12.7m), and operating profit was 53.4 trln lira (US$37.5m), up from 16.8 trln lira (US$11.8m). Net sales grew to 270.6 trln lira (US$190m) from 206.4 trln lira (US$144.9m).  

Akcansa is part of the cement division of local industrial conglomerate Sabanci Holding. The division also comprises Cimsa, Oysa and Karcimsa. The four companies employ a total of 1650 personnel.