AG Anadolu Grubu Holding A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 11:16 am EDT
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AG Anadolu Grubu Holding A.S. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TRY 99,247.29 million compared to TRY 55,311.11 million a year ago. Net income was TRY 3,876.12 million compared to TRY 1,767.15 million a year ago. Basic earnings per share from continuing operations was TRY 15.9161 compared to TRY 7.2563 a year ago.
For the nine months, sales was TRY 232,989.18 million compared to TRY 126,611.01 million a year ago. Net income was TRY 7,531.16 million compared to TRY 3,279.74 million a year ago. Basic earnings per share from continuing operations was TRY 30.9244 compared to TRY 13.2512 a year ago.
AG Anadolu Grubu Holding AS, formerly Yazicilar Holding AS, is a Turkey-based holding company. It is the major shareholder of Anadolu Endustri Holding AS and its subsidiaries, forming the Anadolu Group. The Anadolu Group is organized and primarily managed in five main segments: Beer; Soft Drinks; Automotive, including passenger and commercial vehicles, spare parts and generators; Financial Services, including banking, leasing, and brokerage, portfolio management in capital markets and consumer finance, as well as Retail, including stationery, office supplies, food, consumer durables and restaurant chain management. The companies in its portfolio include: Anadolu Efes, Efes Brewers International, Coca-Cola Icecek, Anadolu Araclar Ticaret AS, Celik Motor, Anadolu Motor, Efestur Turizm Isletmeleri AS, Anadolu Restoran Isletmeleri AS, Oyex Handels GmbH, Anadolu Elektronik, Alternatifbank, Alternatif Finansal Kiralama and Adel Kalemcilik.