Koc group turnover up 30 pct

ISTANBUL (Reuters) – Turkey’s Koc Group’s combined turnover jumped 30 percent to 37.8 billion new lira ($28.5 billion) in 2004, boosted by a buoyant economy, Chief Executive Bulend Ozaydinli said yesterday. He told a news conference that the industrial and financial conglomerate’s forecast for 2005’s combined turnover was 40.3 billion new lira, a rise of 7 percent. Ozaydinli said the political and economic stability secured by the government, together with progress toward Turkey’s European Union membership, were the main factors behind the economic success driving the group’s progress. Koc’s interests range from automobiles to durable goods, tourism and financial services. Koc Group companies include automotive manufacturer Ford Otosan, white goods maker Arcelik and TV maker Beko Elektronik.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.