Bamburi Cement 2009 profit jumps

Turkey's Sabanci Holding posted on
Thursday around 13 billion USD of consolidated net sales in 2009.
Sabanci Holding's executives said their consolidated net sales were around 20 billion Turkish liras (TL) (13 billion USD) in 2009.
"We expect this figure to be up by 6 percent to 21 billion TL (14 billion USD) in 2010," executives said.
Executives said the company aimed to have a consolidated operation profit around 4 billion TL (2.6 billion USD) in 2010.
Sabanci Holding's consolidated net sales were 19 billion TL (12.6 billion USD) in 2008. The figure was up 2 percent in 2009 over 2008 and reached 20 billion TL (13 billion USD).
The consolidated operation profit was up 47 percent in 2009 over 2008.
Sabanci Holding also aims at 1 billion USD of exports in 2010, and 1.6 billion USD of investments in 2010.
Its investments were around 1.1 billion USD in 2009.
The total assets of the holding were 101 billion TL (67 billion USD) and 105 billion TL (70 billion USD) in 2008 and 2009, respectively.
The holding aims to raise its number of personnel by 5 percent in 2010 and employ 58,000 people.
Sabanci Holding is the parent company of the Sabanci Group, Turkey's leading industrial and financial conglomerate.
The Sabanci Group is composed of 69 companies, including financial services, automotive, tire and tire reinforcement materials, retail, cement and energy.
Listed on the Istanbul Stock Exchange (ISE), Sabanci Holding has controlling interests in 11 companies also listed on the ISE.
Sabanci Group companies currently operate in 18 countries and market their products in various regions in Europe, the Middle East, Asia, North Africa and North and South America. Sabanci Holding's multinational business partners include such prominent companies as Aviva, Bridgestone, Carrefour, Citigroup, Dia, Heidelberg Cement, Hilton International, International Paper, Mitsubishi Motor Co., Philip Morris and Verbund.
The Sabanci Family is collectively Sabanci Holding's major shareholder with 63 percent of the share capital. Sabanci Holding shares are traded on the Istanbul Stock Exchange with a free float of 37 percent (including 15.89 percent registered to ISE in February 2009 by other Sabanci family members). Depository receipts are quoted on SEAQ International and Portal.