Sabanci sees 13% growth in cement business, Turkey
Turkish conglomerate Sabanci Holding, which has interests in cement, energy and banking, said second quarter net profit rose by two thirds as performance in its non-financial units improved.
Sabanci’s net profit was TRL706.6m (US$402.6m), compared with TRL420.2m in the same period last year, on sales up 33 per cent at TRL2.6bn.
"Among our non-financial operating areas, industrial companies recorded a growth of 71 per cent, energy 28 percent, retail 17 per cent, cement 13 per cent," said Chief Executive Zafer Kurtul.
Consolidated operating profit from non-financial units rose 152 per cent from last year, he said. Published under Cement News
