Turkey: Oyak Cimento posts TRY 335.60mn net profit in January-September 2014

Turkish cement producer Oyak Cimento Grubu's turnover in the first nine months of 2014 increased by 18% to TRY 1.10 billion (€396.77 million/US$500.31 million) while its net profit was up by 84% to TRY 335.6 million. The group is expecting the sector to have a growth of 5% in 2015. This growth is due to infrastructure and urban renewal projects and the company is expecting the sector to grow by 6% in 2014.
November 6, 2014 Read time: 1 min

Turkish cement producer 5081 Oyak Cimento Grubu's turnover in the first nine months of 2014 increased by 18% to TRY 1.10 billion (€396.77 million/US$500.31 million) while its net profit was up by 84% to TRY 335.6 million.

The group is expecting the sector to have a growth of 5% in 2015. This growth is due to infrastructure and urban renewal projects and the company is expecting the sector to grow by 6% in 2014.

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