Press Room

Operating profit of Akçansa for the first half of 2009 increased by 219% in comparison to the first quarter and reached to 54 million TL.

13.08.2009

Turkish cement industry’s leader Akçansa achieved 336.4 million TL sales revenues in the 6-months period of 2009. Company increased its net profit, which was -3.3 million TL in the first quarter to 40.7 million TL.

With its export opportunities dependent to wide sales and delivery network, Akçansa achieved to double its international sales despite of narrowing domestic sales and therefore increase its operating profit by 219% in comparison to first quarter.

Operating under the partnership of Sabancı Holding and HeidelbergCement, leader company of the Turkish cement and ready-mixed concrete industry Akçansa declared its financial results for the first half of 2009.

According to the consolidated income table and financial results for the period prepared as of June 30, 2009 and sent to IMKB by Akçansa, the turnover of the company reached to 336.4 million TL in the first half of 2009. Akçansa achieved 40.7 million TL net profit in the first half of 2009.

Akçansa General Manager Hakan Gürdal, underlined that as most of the industries, construction industry also had a hard time due to global economic crisis. Gürdal stated that Akçansa showed a very positive performance in comparison to the first quarter in the second quarter of 2009 despite this rough time, and said: “We reinforced our strategic power in the region with the engagement of our production line in Çanakkale. We doubled our international sales by creating new markets with our effective export ability despite our narrowing domestic sales and increasing our country and product variety; therefore we managed to increase our operating profit at the end of the first half in comparison to first quarter by 219%. As the leader cement producer in Turkey, we continued to create sustainable and innovative tailored solutions for our customers in a competitive environment as well as focusing on the best management of our operating capital without receiving external support in this rough period.”
Noting that sustainable growth approach is another source of Akçansa’s success in the industry, Gürdal stated that, with the increase of Akçansa’s leadership and rates of use in alternative fuel field, cash flow in coal and petroleum coke costs was generated and important efficiency was provided with development of fixed cost performance management. Gürdal said, “We proved that we are the biggest cement, ready-mixed concrete and aggregate company of Turkey by ranking the first in cement industry according to Turkey’s Biggest 500 Industrial Companies list of Istanbul Chamber of Commerce. Despite all the negative impacts of economic narrowing, the fact that we achieved results close to the financial performance of the last year is a result of Akçansa’s sustainable success.”