SABANCI HOLDING’S NET PROFIT REACHES TRY 3.4BN

The consolidated net profit of Sabanci Holding amounted to TRY 3.4bn while its consolidated net sales rose by 30% to TRY 35.6bn in the first half of the year, according to the company’s financial statement. “These results are also an indicator of the importance of the digital transformation and technology investments we’ve made to date,” said Cenk Alper, CEO of Sabanci Holding. The company increased its revenues in all fields in which it operates at double digit levels. “Our non-bank combined revenues surged by 34%. Our building materials business line caught a 67% growth in this period,” said Alper. Sabanci Holding subsidiary Cimsa previously incorporated the Spain-based white cement manufacturer Bunol and crowned its international investment network with one of the most technologically-advanced production plants in Europe.