Turkey’s Tupras reports 9-month profits up 40.1%
26 November 2007 21:54 [Source: ICIS news]
PRAGUE (ICIS news)--Turkish oil and petrochemicals group Tupras on Monday reported net profit for the first nine months of 2007 at Turkish lira (TL) 972m (€547m), 40.1% up on the same period of last year.
Wide-ranging restructuring, which was begun at the beginning of 2006, resulted in increased productivity, Tupras said in an appraisal of the rising profit.
The company added that net sales for the three quarters rose 7.2% to TL16.2bn.
(€1.00 = TL1.78)
By: Will Conroy
+44 20 8652 3214
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