Sabancı Holding Records a Net Profit of 1 Billion 189 Million TL for 2008

03.04.2009

- SABANCI HOLDING CEO AHMET DORDUNCU: "BEING THE SABANCI GROUP, OUR CLOSING THE YEAR 2008 WITH A RISE IN PROFITABILITY BY 23% OVER THE PREVIOUS YEAR PROVES THAT WE HOLD OUR COURSE STEADILY DESPITE CHALLENGING MARKET CONDITIONS."

Sabancı Holding's sales amounted to 19 Billion 797 Million Turkish Lira (TL), and operating profit to TL 2 Billion 347 Million in the consolidated financial statements for the year ending on 31 December 2008.  And the net profit of Sabancı Holding was TL 1 Billion 189 Million, representing an increase of 23% over the previous year.

Total Assets of Sabancı Holding, on the other hand, reached TL 100 Billion 821 Million, representing an increase by 27% compared to the year 2007, and its Shareholders' Equity TL 17 Billion 339 Million.

In his related statement, Sabancı Holding CEO Ahmet Dorduncu said that "Being the Sabancı Group, our closing the year 2008 with a rise in profitability by 23% over the previous year proves that we hold our course steadily despite challenging market conditions.  Our financial results show our determination in creating value for our stakeholders.  We will keep on creating value for all our social stakeholders within the philosophy of sustainability, by focusing on the areas of business we operate in, in the future as well."