SABANCI HOLDING'S NET PROFIT RESULTS FOR THE FIRST QUARTER OF 2008

06.06.2008
- SABANCI HOLDING'S NET PROFIT FOR THE QUARTERLY PERIOD AMOUNTS TO YTL 482 MILLION
- SABANCI HOLDING CEO AHMET DÖRDÜNCÜ: “SABANCI HOLDING KEEPS UP ITS BUSINESS, OVERSHOOTING ITS TARGETS"
 
Haci Omer Sabancı Holding's net profit reached YTL 482 Million in the first quarter of 2008, increasing by 129 percent compared to the same period in the previous year.
 
Sabancı Holding's consolidated financial statements for the quarterly period ending on 31st of March 2008 show YTL 4 Billion 807 Million for sales and YTL 807 Million for operating profit.
 
On 31st of March 2008, the total assets of Sabancı Holding reached YTL 88 Billion 253 Million, increasing by 11 percent in the first quarter of the current year as from 31st of December 2007, and the shareholders' equity increased to YTL 16 Billion 456 Million.
 
Sabancı Holding CEO Ahmet Dördüncü, commenting on the quarterly results stated:  “Through the quarterly results achieved by Sabancı Holding it becomes manifested that the holding company carries on its business in line with the targets set at the very beginning of 2008, and even shooting over its targets.  We will keep moving in line with our strategic targets and continue to create value for all our shareholders in the next period as well.”