Turkish H1 2004 financials

Turkish cement producer Akcansa Cimento posted a net profit of 34.3 trln Turkish lira ($23.25m/18.9 mln euro) for the first half of 2004, compared to 4.75 trln lira ($3.22m/2.62 mln euro) for the same period of 2003, the company said on August 23, 2004. Akcansa is part of the cement division of Sabanci Holding. The division also comprises Cimsa, Oysa and Karcimsa.

Turkish cement producer Cimsa reported a net profit of 18.84 trln lira ($12.77m/10.38 mln euro) for the first six months of 2004, down from 19.57 trln lira ($13.26m/10.8 mln euro) for the corresponding period of 2003.