3/1/2010

Turkey’s Sabanci Group to invest USD 1.6 billion in 2010

 

Hurriyet Daily News - Sabanci Holding, Turkey’s leading financial and industrial conglomerate, is planning to make USD 1.6 billion worth of investments in 2010, mainly in the retail and energy sectors.

 

CEO Ahmet Dorduncu said the Sabanci Group posted net consolidated sales worth TRY 20 billion and added, “We expect this figure to increase by six percent to TRY 21 billion this year.”

 

 The Group’s consolidated operating profit was TRY 3.9 billion in 2009, he noted. “In 2010, we’re aiming to hit TRY 4 billion.” The company’s total assets rose to TRY 105 billion last year from TRY 101 billion in 2008.

 

“Sabanci Holding is aiming for USD 1 billion worth of exports this year”, said Dorduncu, adding that the company hopes to increase the number of its employees by five percent this year to 58,000.

sabanci; retail sector; energy sector; investments; ahmet dorduncu

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