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

Courtesy: Pexels

Textiles | On 27th Apr 2018

AWEX EMI sets new all-time record; touches 1847ac per kg

In the week ending April 27, 2018, the Eastern Market Indicator (EMI) ...

Indian exporters lobby FIEO urges lifting of ban on LoUs

Textiles | On 27th Apr 2018

Indian exporters lobby FIEO urges lifting of ban on LoUs

India’s exporters lobby Federation of Indian Export Organisations...

US GSP extension restored on 22 Apr, refunds not automatic

Apparel/Garments | On 27th Apr 2018

US GSP extension restored on 22 Apr, refunds not automatic

The US generalized system of preferences (GSP) programme was restored ...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Ravindra Jain, Ashish Baid

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

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Rikesh Mistry

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
7.8%
Skip
9.7%

Total Votes: 103


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