Haci Ömer Sabanci Holding A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 11:14 am EDT
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Haci Ömer Sabanci Holding A.S. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was TRY 34,898.35 million compared to TRY 21,563.17 million a year ago. Net income was TRY 13,312.93 million compared to TRY 8,091.39 million a year ago. Basic earnings per share from continuing operations was TRY 6.53 compared to TRY 3.97 a year ago.
For the six months, net interest income was TRY 58,152.12 million compared to TRY 36,577.25 million a year ago. Net income was TRY 19,399.99 million compared to TRY 16,342.11 million a year ago. Basic earnings per share from continuing operations was TRY 9.51 compared to TRY 8.01 a year ago.
Haci Omer Sabanci Holding AS (Sabanci Holding), is a Turkey-based holding company, which is engaged in a wide variety of business activities through its subsidiaries and affiliates, mainly in the banking, financial services, energy, building materials, digital and retail sectors. Through its subsidiaries Brisa, Kordsa, Temsa, and Temsa Motorlu Araclar, it manufactures and wholesales automobiles, light commercial vehicles, trucks, agricultural and construction machinery tires, and manufactures electric and diesel city and inter-city buses. Sabanci Holding is active in the banking and finance sectors via subsidiaries, Akbank, Aklease, Akyatirim and Akportfoy, and it provides financial, leasing, investment and portfolio management services. The Company also involves other activities, such as electricity generation and distribution, manufacturing building materials, retailing electronics, and operating supermarkets.