Sabancı Holding’s cement sales fall by 5% to Euro132m in first half of 2019

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Turkey: Sales from Sabancı Holding’s cement businesses fell by 5% year-on-year to Euro132m in the first half of 2019 from Euro139m in the same period in 2018. Its cost of goods sold grew by 7% during the same period. It made a net loss of Euro1.35m compared to a net profit of Euro23.3m previously. Overall, the group’s sales rose by 24% to Euro1.48bn but its profit fell by 17% to Euro577m.

Last modified on 14 August 2019

URL: https://globalcement.com/news/item/9711-sabanc-holding-s-cement-sales-fall-by-5-to-euro132m-in-first-half-of-2019

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