Turkey's Koc Holding expects 6% growth in consolidated revenues and operating profitability in 2013

Turgay Durak, CEO of Koc Holding, made a statement regarding 2012 and their 2013 expectations.Accordingly, the Holding expects 6% growth in consolidated revenues and operating profitability. The Conglomerates' 2013E GDP growth expectation is 4.5% with a limited devaluation of...

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 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

Turkey's Koc Holding expects 6% growth in consolidated revenues and operating profitability in 2013



Erste - 17.01.2013

Turgay Durak, CEO of Koc Holding, made a statement regarding 2012 and their 2013 expectations.

Accordingly, the Holding expects 6% growth in consolidated revenues and operating profitability. The Conglomerates' 2013E GDP growth expectation is 4.5% with a limited devaluation of the TRY on the back of a higher foreign trade deficit.

Major highlights of the statement:

Ford Otosan JV maintained leadership in the Turkish car and van market with a 13.8% share, followed by the Tofas JV with a 12.6% share last year

The Group's oil refiner Tupras' 2012 exports reached USD 5.1b

Fuel retailer unit Opet raised its market share in Turkey to 18.6% in white products and 12.7% in black products

Aygaz maintained its domestic market leadership with a 23% share in autogas, 43% in bottled LPG and 29% in total LPG

Arcelik rose to third place in Europe in total sales, set up sales units in Ukraine and Egypt and targets markets including Pakistan, India, and Indonesia.

Source: bne


Misi Vallo
WebHostingBuzz.com

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