Turkish Sabanci turnover up

Turkish Sabanci turnover up
Published: 04 June 2004

Sabanci Holding registered a 46 per cent year-on-year rise in its consolidated turnover to US$1.934bn (1.583bn euro) for the first three months of 2004, according to Sabanci Holding CEO, Celal
Metin.  The company’s combined exports (all divisions) climbed by 11 per cent YoY to US$228.7m
(187.2m euro) for the first quarter of 2004. Sabanci Holding posted a consolidated net profit of US$111.8m (91.5m euro) while its pre-tax profit
grew 211 per cent YoY.

Sabanci Group is one of Turkey’s two largest business conglomerates. It comprises over 50 companies whose activities include banking, automobiles, food, textiles, construction and chemicals. Sabanci has partnerships with top international companies, including Toyota, DuPont, Bridgestone, IBM,
Philip Morris, Heidelberg Cement. It employs more than 30,000 people.