Mr. Mehmet Göçmen, the CEO of Sabancı Holding: “We are growing with domestic production and efficiency.”
The combined sales of Sabancı Holding in the first nine months of 2018 exceeded 62 billion TL with a 33% increase in comparison to the same period of 2017. The consolidated equity of the parent company further increased and reached 28.781 billion TL.
The combined sales of Sabancı Holding exceeded 62 billion TL with 3a 3% increase in the first nine months of 2018 in comparison to the same period of the previous year. The consolidated net profit of the parent company of Sabancı Holding was 3.401 billion TL with a 45% increase in the first nine months of 2018 in comparison with the same period of the previous year.
Sabancı Holding increased its operating profit in the first nine months of the year to 7.856 billion TL with an 18% increase. Total assets of Sabancı Holding amounted to 444.009 billion TL and its total consolidated equity belonging to the parent company was 28.781 billion TL.
Mr. Mehmet Göçmen, the CEO of Sabancı Holding, pointed out in this explanation of the figures, “The difficulties we have encountered nationally in the last three months resulted in negative conditions for all economy stakeholders; however, they provided opportunities for us to generate permanent solutions for our structural problems of the past. Sustainable growth will be possible only by learning the lessons of this period. Turkey has a high potential to attract investors thanks to its qualified labour, dynamic economy and location in the European market. Foreseeable and low inflation will be a key for increasing sustainable growth. We believe that a permanent growth platform can be achieved again by using production as a lever once more and focusing particularly on production with high added value. We are focusing on the production models which can keep up with the future using new technologies in order to fulfil our duties as a Group predicating upon industry and production. We manage our existing work with this understanding and intend to make a greater contribution to our economy with the awareness of our responsibilities. The successful results announced today are the most powerful indicator suggesting that we are going in the right direction. We kept growing thanks to efficient and domestic production with a high added value and a quality service understanding.
We will also continue to work and produce in the last period of 2018 under our responsibility of contributing to the economic development of our country.”