Cimsa full-year net profit surges

Turkey-based Cimsa said its consolidated net profit surged 162 per cent to TRL302.3m (EUR99.6m) in 2013.

Cimsa’s income from investment activities soared to TRL145.7m in 2013 from TRL11m a year earlier, it said in its consolidated income statement on Tuesday.
     
The company’s consolidated operating profit increased 22.9 per cent to TRL179.5m in the review period.

Consolidated revenue rose 11 per cent to TRL954m as domestic sales went up 14 per cent to TRL704m and sales abroad climbed five per cent to TRK250m, the company said in its financial report.