Turkey's Sabanci Holding Sees H1 Sales Reach $5.45B

Sabanci Holding, a prominent Turkish conglomerate, saw its consolidated sales increase 11 percent to 19.2 billion Turkish liras (around $5.45 billion) year-on-year in the first half of 2017, the business said on Friday.



According to a Sabanci statement, operational profitability increased by 21 percent to 4.3 billion Turkish liras (some $1.22 billion) in the first six months of 2017, compared to the same period of the previous year.



Total assets rose to 326.58 billion Turkish liras (some $92.74 billion) as of the first half of 2017 and the total equity capital of the consolidated main shareholder rose to 24.56 billion Turkish liras (some $6.97 billion)



Sabancı Holding's CEO, Mehmet Gocmen, said: "We continue to grow day by day with the power, experience and culture we have received from our history of more than 90 years."



*With writing by Gokhan Ergocun -