TODAY’S – SabancI Holding foresees TL 3.5 billion in 2015 investments

SabancI Holding foresees TL 35 billion in 2015 investmentsProminent Turkish business group SabancI Holding has said that it plans to make investments amounting to TL 35 billion throughout 2015, in a press conference at the SabancI Center in Istanbul on Tuesday.The target reflects an effort to surpass the TL 3 billion that the company allocated towards investment last year, 57 percent of which were related to energy.

The company posted a 20.3 percent increase in net profit last year, amounting to TL 208 billion.

One of the largest companies in Turkey, SabancI Holding holds large stakes in energy, banking, retail, insurance and other sectors.Speaking first at the press conference SabancI Holding Chairwoman Guler SabancI said the business world is eagerly anticipating the post-election atmosphere because it will mark the beginning of a four-year period without elections, a relief for the business world.

The past two years in Turkey have been characterized by a tense election atmosphere beginning with last yearand#39s local elections, followed by the 2014 presidential election and to be closed by this yearand#39s general election in June.The chairwoman said the SabancI group attaches high importance to the recent steps taken in the governmentand#39s ongoing settlement process with the Kurdistan Workersand#39 Party (PKK) and said the company supports the process.

She emphasized the importance of women in the workforce, noting that 38 percent of the companyand#39s white-collar employees are women and that the company is committed to increasing that figure.Meanwhile, Ko Holding, Turkeyand#39s largest company, posted a net income of TL 271 billion last year, while sales increased 37 percent totaling TL 68.

82 billion, the company said in a statement on Tuesday.

SOURCE: Today’s Zaman