Turkish cement industry’s leader Akçansa achieved 526,1 million TL sales revenues in the 9-months period of 2009. Net profit of the company that was realized as 40.7 million TL in the first half of the year increased to 68 million TL.

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 third quarter of 2009.

According to the consolidated income table and financial results for the period prepared as of September 30, 2009 and sent to IMKB by Akçansa, the turnover of the company reached to 526,1 million TL in the first three quarters of 2009. The turnover of Akçansa in July-September 2009 period was 189,7 million TL. While Akçansa achieved an operating profit of87,1 million TL in 9 months, its gross profit was 113,8 million TL, and net profit was 68 million TL.

Akçansa General Manager Hakan Gürdal said that the cement industry continued to compensate the narrowing in internal market with export in the 3rd quarter period. Speaking with hope for the upcoming period, Gürdal said, “We estimate that the cement consumption will increase in the next period, because the mortgage credit interests that decrease will increase the housing demand. Internal market needs to grow in order for the industry to reach its capacity allocation rates in 2007 – 2008. However, we believe that the demand in international markets that goes strong will continue through 2010 and the positive effect of this on the revenues of producer companies will continue.”

Gürdal continued his declarations as follows: “As the leader cement producer of Turkey, Akçansa, we are directed to alternative fuel, alternative raw materials and renewable energy sources and plan investments on these areas in order to reduce our costs and fulfill our duty for a world worth living in. We will support new and innovative approaches and increase our efficiency by reviewing all support function processes with operations and make necessary improvements for internal and external customer satisfaction.”