Home / Knowledge / News / Textiles / Sabanci aims operating profit of 3.7 bn YTL in 2008
Sabanci aims operating profit of 3.7 bn YTL in 2008
03
Mar '08
Last year, Sabanci Group increased its consolidated net sales by 20 percent to 19.4 billion YTL. It has announced its consolidated net sales target for year 2008 as 21.7 billion YTL, representing an increase of 12 percent.

Sabanci Holding Annual Information Sharing Meeting 2008, where Sabanci Group's financial achievements in 2007, and targets and expectations for 2008 were announced, took place at Sabanci Centre with the attendance of Holding Chairman Guler Sabanci and CEO Ahmet Dorduncu.

In the evaluation meeting, Sabanci Holding Chairman Guler Sabanci said; “It's time to pull ourselves together and look ahead in a different direction. We should not make a plan for the future by looking at what we've been through.”

Guler Sabanci pointed out that the sub-prime mortgage crisis that emerged at the end of 2007 caused the financial markets to lose credibility, and gave rise to a danger of recession.

Sabanci said, although the energy and oil prices create an inflationary pressure on global economy, significant business opportunities have arisen for Turkey as well.

Sabanci mentioned that in such a world, Turkey faces important opportunities. Sabanci said, “If we avoid political crises; we see that there will be an excess liquidity put into circulation in the global markets for purposes of dealing with the global sub-prime crisis, which excess will constitute a major opportunity, and that Turkey could be one of the markets where such excess liquidity may flow to, as a result of the financial losses and instability in the USA.

We believe that, under such circumstances, it can also contribute to the financing of the current account deficit in the short run.

These levels of oil, gas and energy prices end up with a considerable build up of liquidity in the countries having such resources.


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search