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Sabanci aims operating profit of 3.7 bn YTL in 2008
03 Mar '08
4 min read
On the other hand, there are doubts about the ever-trusted institutions, banks and funds of the USA. These funds will eventually flow somewhere. We are in a fortunate position. We must use this opportunity well.
Using this opportunity well depends upon our sticking to our direction. Hence, our direction is to progress towards Europe. Journey to Europe is a journey of Turkey to the civilisation.”
Guler Sabanci identified as threats to the economy the inflationary pressures to arise from the increased oil and raw material prices, the so-far missing implementation of the micro-based reforms which would structurally enhance the efficiency of the economy, and the increased unemployment as a result thereof.
Regarding her expectations for the coming period, Sabanci said, “We need to find new ways for sustainable, competitive production and real sector.
For several years we have been pointing out most of the urgent actions to be taken, of which preparations have already been undertaken. However, we should speed up the implementation thereof.
The ones of utmost urgency are the Social Security Law, the new Turkish Commercial Code, and of course the fight struggle against black economy.
Inspection is not enough to fight with black economy; we must eliminate the actual causes thereof in all our other legal arrangements.
In addition to that, the power generation plants should be privatised with priority so that the capacity can be increased in a short time.
A rapid implementation of all of these measures would only enable us to make up for the time we lost in 2007. Additional policies and activities focused on the real sector are necessary, which would provide us with a higher growth rate, i.e. 7% at the least, in the changing global dynamics during 2008 and beyond.”
Year 2007 Results of the Sabanci Group:
In his speech, Ahmet Dorduncu, CEO of Sabanci Holding, revealed the results the Sabanci Group as of the end of 2007.
According to the data given by Dorduncu, Sabanci Group, invested approximately 850 million dollars in 2007, plans to invest 1.5 billion dollars in 2008.
Over the previous year, Sabanci Group increased its operating profit by 23 percent to 3.2 billion YTL in 2007. In 2008, the group aims an operating profit of 3.7 billion YTL, which represents an increase of 16 percent.
Sabanci Group, who had a total workforce of 45,800 employees in 2006, and 53,400 in 2007, targets to increase the total number of its employees to 55,500 in 2008, representing an increase of 4 percent.
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Using this opportunity well depends upon our sticking to our direction. Hence, our direction is to progress towards Europe. Journey to Europe is a journey of Turkey to the civilisation.”
Guler Sabanci identified as threats to the economy the inflationary pressures to arise from the increased oil and raw material prices, the so-far missing implementation of the micro-based reforms which would structurally enhance the efficiency of the economy, and the increased unemployment as a result thereof.
Regarding her expectations for the coming period, Sabanci said, “We need to find new ways for sustainable, competitive production and real sector.
For several years we have been pointing out most of the urgent actions to be taken, of which preparations have already been undertaken. However, we should speed up the implementation thereof.
The ones of utmost urgency are the Social Security Law, the new Turkish Commercial Code, and of course the fight struggle against black economy.
Inspection is not enough to fight with black economy; we must eliminate the actual causes thereof in all our other legal arrangements.
In addition to that, the power generation plants should be privatised with priority so that the capacity can be increased in a short time.
A rapid implementation of all of these measures would only enable us to make up for the time we lost in 2007. Additional policies and activities focused on the real sector are necessary, which would provide us with a higher growth rate, i.e. 7% at the least, in the changing global dynamics during 2008 and beyond.”
Year 2007 Results of the Sabanci Group:
In his speech, Ahmet Dorduncu, CEO of Sabanci Holding, revealed the results the Sabanci Group as of the end of 2007.
According to the data given by Dorduncu, Sabanci Group, invested approximately 850 million dollars in 2007, plans to invest 1.5 billion dollars in 2008.
Over the previous year, Sabanci Group increased its operating profit by 23 percent to 3.2 billion YTL in 2007. In 2008, the group aims an operating profit of 3.7 billion YTL, which represents an increase of 16 percent.
Sabanci Group, who had a total workforce of 45,800 employees in 2006, and 53,400 in 2007, targets to increase the total number of its employees to 55,500 in 2008, representing an increase of 4 percent.
Click here to view more:
Sabanci Holding A.S
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