Consolidated Sales of Sabancı Group in the First Nine Months of 2015 was 21 Billion 971 Million TL.

06.11.2015
  • SABANCI GROUP'S CONSOLIDATED NET PROFIT FOR THE FIRST NINE MONTHS IN 2015 HAS RAISED 18 PERCENT BY COMPARISON WITH THE SAME PERIOD OF THE PREVIOUS YEAR AND REACHED 1 BILLION 686 MILLION TL.
  • IN THE SAME PERIOD SABANCI GROUP'S NON-BANK CONSOLIDATED NET PROFIT HAS RAISED 66 PERCENT AND REACHED 749 MILLION TL.

zafer kurtul 3525-300x300Consolidated Sales of Sabancı Group in the First Nine Months of 2015 was 21 Billion 971 Million TL.

Sabancı Group's consolidated net profit for the first nine months in 2015 has raised 18 percent by comparison with the same period of the previos year and reached 1 billion 686 million TL. In the same period Sabancı Group's non-bank consolidated net profit has raised 66 percent and reached 749 million TL.

Sabancı Group's total assets by 30 September 2015 is 267 billion 235 million TL, and its total consolidated resources have reached 20 billion 168 million TL.

CEO of Sabancı Group Zafer Kurtul who evaluated the results of 2015's first nine month period, stated:

-"AKBANK IS KEEPING ITS STRONG POSITION IN THE SECTOR WITH ITS HIGH DEPOSIT GROWTH AND ITS NEW SYNDICATION CREDIT."

"Akbank has raised its cash and non-cash credits by 12 percent taking it to 188 Billion TL level in the end of first nine months period of 2015 compared to 2014 year-end. In the same period its total deposits raised 25 percent and came up to 152 Billion TL. Growing deposits thanks to the newly provided syndications is strengthening Akbank's position to provide resources for Turkish economy."

-"WE BELIEVE IN THE NEED FOR TOTAL LIBERALIZATION OF ELECTRIC RETAIL INDUSTRY IN ORDER FOR THE FINAL CONSUMERS TO ACQUIRE THE LOWEST PRICE FOR ELECTRICITY THEY CAN GET."

Kurtul, on the subject of the activities in energy sector, stated: "Enerjisa will continue to be effected positively from the high hydroelectric production and production optimization activities in 2015.  While making a 104 million TL loss in the first nine months of the last year, as a result of its successful performance in 2015, Enerjisa made a net profit growth of 151 million TL at the same period of that year.

Kurtul, who gave statement on the developments of energy sector, also stated: "Low energy prices give favorable opportunity for the liberalization of electricity sector. While today Turkey's most modern and most productive natural gas power plants cannot continue their production as they cannot afford the cost of natural gas due to the low prices of electricity, the power plants with low productivity continue production with guaranteed purchase agreements and this, unfortunately, is effecting our country's economy in a harmful way.

The parameters regarding new tariff period in the distribution districts are very important for the private sector to continue its investments and to keep the quality of the service. Private sector distribution companies play a huge role in reducing the seepage loss in Turkey, thus increasing the sectors profitability.

We believe in the final consumers' being able to get the electric with the most convenient price possible, and in the rising of service quality, and companies being able to carry on a business in a totally competitive market in order to ensure energy safety, and in the need for total liberalization in electric retail sector to be come true. "

-" ÇİMSA IS MAKING A 55 MILLION DOLAR INVESTMENT ON WHITE CEMENT FOR ITS FACTORY IN ESKISEHIR. "

"Our cement factories, topping their strong performance of the last year, raised its combined net profit by 14 percent in first 9 months of 2015. The continuing domestic demand, our accumulated knowledge regarding energy efficiency and our technological superiority are supporting their profitability.

Çimsa is going to modify one of its factory's lines to be able to produce both gray and white cement with the 55 Million Dollars' worth of investment. This investment will not only aid Çimsa to be able to produce products with high added value, but also will help them increase its production flexibility."

-"KORDSA GLOBAL R&D CENTER WAS AWARDED WITH TWO GRAND PRIZES IN ALL SECTORS INCLUDING TEXTILE SECTOR."

"With its 78 employees creating technology to be used from Turkey to the whole world, Kordsa Global R&D Center, with its number of products reaching 12 since 2008, and its patent portfolio reaching the number of 236, was awarded with two grand prizes in all sectors including textile sector by the Ministry of Science, Industry and Technology.

Thanks to the productivity growth in Kordsa and currency depreciation in developing countries to which the company makes exports, production costs decreased in a way of affecting profitability in a positive way.

Exports of Temsa Otobüs to the US and European markets considerably increased its profitability. The company is increasing its competitive strength both in domestic and overseas markets with its new bus and midibus model launches."

-"CARREFOURSA CONTINUES TO GROW WITH NEW SHOP OPENINGS AND THE INTEGRATION OF KILER SHOPS."

Kurtul stated: "Carrefoursa, both with its new shops' opening, and with the integration of Kiler shops, is continuing to grow. Following Carrefoursa and Kiler's union, we will benefit from synergy opportunities."

-"INDIVIDUAL RETIREMENT SYSTEM PARTICIPANTS OF AVIVASA EXCEEDED 800 PEOPLE."

Avivasa, which is the biggest player of Individual Retirement Sector, has come close to total net asset value of 8.5 Billion TL by 30 September 2015 and its total participants exceeded 800 thousand people. We foresee that individual retirement sector, which is yet a new sector in Turkey, and has low total net asset value of fund compared to the bigger ones abroad, will continue its fast growth in the next period."

"We see the end of election period as an opportunity to focus on economy for our country. I appreciate our employees, customers and shareholders for their contribution to the results we got."