Koç Holding reported consolidated earnings results for the second quarter and first half of 2017. In the second quarter of 2017, the company continued the company's strong performance and overall recorded net income was TRY 2.5 billion, which is up 89% year-over-year.

On a combined basis, Koç Group registered TRY 100.8 billion in revenues, TRY 8 billion in operating profit, and TRY 6.5 billion in net income in the first half of 2017. Koç Holding's consolidated net income after the share of noncontrolling interest amounted to TRY 2.5 billion. The group's total combined CapEx about TRY 2.9 billion in the first half of 2017. More than half of the group's total CapEx came from Automotive. The company's consolidated net debt, excluding Finance segment, at the end of June 2017 was $3.3 billion.

For the year 2017, the company's CapEx guidance has been maintained for refinery investments at $225 million.