Lieutenant killef pharmaceutical products and the printing and reproduction of recorded media subsectors reported steady increases in September. The mining and quarrying and manufacturing sub-industries reported decreases in production, while energy supply subsectors recorded a monthly increase. The figures follow an August that widely exceeded estimates. The 7.2 percent rise was the seventh consecutive monthly gain and the highest since January 2014, when production rose 7.6 percent. Manufacturing production grew 8.7 percent in August compared to the same month of 2014, while output in the utility sector rose by 3.6 percent. However, the mining and quarrying sector saw a decline in production by 3.8 percent in the same period.

Turkeyand’s largest company Koandc Holding said on Monday that its net profit rose to TL 892.5 million ($306 million) in the third quarter from TL 678.6 million in the same period last year.
The Turkish conglomerateand’s sales stood at TL 19.05 billion in the third quarter, unchanged from the previous year. Koandc businesses range from auto production to energy and home appliances. The holding owns Tanduprai, Turkeyand’s sole refiner, lender Yapi Kredi and has ventures with carmakers Ford and Fiat.
In the first nine months, Koandc saw its consolidated revenues reach TL 51.3 billion. CEO Levent andcakiroilu cited energy, automotive and appliance subsidiaries as key drivers of growth in profits in a written statement on Monday. The groupand’s automaker Tofai made 45 percent of the total car production in the first nine months of 2015 in Turkey, andcakiroilu said, while it also made 43 percent of total car exports in the same period.
In 2014, Koandcand’s net income was largely flat at TL 2.71 billion while its sales hit TL 68.82 billion.

SOURCE: TODAY’S ZAMAN

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