Tekfen Holding Anonim Sirketi Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 29, 2020 at 02:14 am
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Tekfen Holding Anonim Sirketi announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TRY 2,658.407 million compared to TRY 3,718.405 million a year ago. Operating income was TRY 100.470 million compared to TRY 432.105 million a year ago. Net income was TRY 98.189 million compared to TRY 399.619 million a year ago. For the half year, sales was TRY 5,680.347 million compared to TRY 8,305.883 million a year ago. Operating income was TRY 68.188 million compared to TRY 1,283.489 million a year ago. Net income was TRY 145.248 million compared to TRY 1,181.886 million a year ago.
Tekfen Holding AS (Tekfen) is a Turkey-based holding company active in various sectors, such as construction, agriculture, finance and real estate through its affiliates and subsidiaries. The Company operates five segments: Contracting, Agri-Industry, Real Estate Development, Banking and Investment and Services. Tekfenâs Contracting Groupâs activities include infrastructural and industrial projects in several countries, like Saudi Arabia, Azerbaijan, Georgia, Kazakhstan, Morocco, United Arab Emirates, Qatar, Oman and Bulgaria. Tekfen also engages in the production of chemical fertilizers, seed and seedlings, along with power generation and terminal operations. The Companyâs Real Estate Development Group is primarily involved in the design, construction, renting and marketing of shopping centers, office buildings, flats and hotels.
TEKFEN HOLDING ANONIM SIRKETI 
