Koç Holding A.S. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 08, 2019 at 03:08 pm EST
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Koç Holding A.S. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was TRY 39,364.507 million compared to TRY 45,553.375 million a year ago. Operating income was TRY 2,903.588 million compared to TRY 3,483.176 million a year ago. Net income was TRY 1,075.923 million compared to TRY 1,267.019 million a year ago. For the nine months, total revenue was TRY 114,114.018 million compared to TRY 103,413.682 million a year ago. Operating income was TRY 8,358.443 million compared to TRY 8,687.096 million a year ago. Net income was TRY 3,280.678 million compared to TRY 3,826.638 million a year ago.
Koc Holding AS is a Turkey-based holding company, which operates in a number of sectors though its subsidiaries. The Company operates under the following business segments: Energy, Automotive, Consumer Durables, Finance and Other. Its Other segment is engaged in the food, retail, tourism, Information Technology (IT) and ship construction activities. The Energy segment is engaged in the power generation, mining, petroleum shipping, and in the production and trading of petroleum products, natural gas and Liquefied Petroleum Gas (LPG) activities. The Automotive segment is engaged in the production, trading, insurance and car rental activities. The Consumer Durables segment is engaged in the production and sale of a range of consumer durables, such as air conditioners. The Finance segment is engaged in the banking, consumer finance, factoring, leasing, brokerage, portfolio management, financial consulting, real estate and insurance activities.
KOÇ HOLDING 
