2/27/2017
An Investment Target of TL 4.5 Billion by Sabancı Holding for the Year 2017
Sabancı Holding having realized the highest investment of the past five years amounting to TL 4.1 billion in 2016, aims to make an investment of TL 4.5 billion this year
The Annual Sharing Meeting of Sabancı Holding where the financial results of Sabancı Holding for 2016 were communicated and targets and projections were shared regarding the year 2017 has been realized at Sabancı Center. It is stated during the disclosure that combined net sales of Sabancı Holding realized at a level of TL 53.6 billion in 2016 increasing by 12 percent, with a consolidated net profit of TL 2.7 billion with an increase of 19 percent, and that Sabancı having made an investment of TL 4.1 billion in 2016, targeted to make an investment of TL 4.5 billion also this year. TL 3.5 billion of the said amount is targeted to be for production capacity investments, aiming TL 1 billion to be invested in technologies. Sabancı Holding’s CEO Zafer Kurtul Sabancı Holding’s CEO Zafer Kurtul who will release his duties to Mehmet Göçmen on March 31, 2017 spoke as follows: “2016 has been a year for Sabancı Community when we grew by increasing our operational profits and when we achieved our targets in sectors in which we have activities. 2016 has been a year when we have undersigned success stories in all of the sectors we are active.” Kurtul emphasizing that 2016 has been a hard year in the global sense but Sabancı Holding has made its highest investment of the past five years amounting to TL 4.1 billion during the said year against all odds, continued as follows: “Our target for the year 2017 is also very high. We will continue our investments as Sabancı Holding without cutting speed also this year, and we aim to make an investment of TL 4.5 billion for a more powerful Turkey with a double-digit growth rate.”
Annual Report
