Koç Holding A.S. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 10:18 am EST
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Koç Holding A.S. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TRY 51,753.061 million compared to TRY 39,364.507 million a year ago. Operating income was TRY 6,419.996 million compared to TRY 2,893.682 million a year ago. Net income was TRY 2,305.391 million compared to TRY 1,075.923 million a year ago. For the nine months, total revenue was TRY 125,719.788 million compared to TRY 114,114.018 million a year ago. Operating income was TRY 11,013.182 million compared to TRY 8,288.838 million a year ago. Net income was TRY 6,736.573 million compared to TRY 3,280.678 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.