KOC GENERATES TRY 3.5 BILLION IN REVENUES IN Q1

Koc Holding ’s consolidated revenue and net profit for the year in the first quarter of 2020 amounted to TRY 39.4 billion and TRY 3.5 billion, respectively. The company acquired TRY 3.4 billion of the total net profit from one-time only transactions. “This period showed once again the importance of the holding ’s uncompromising stance against liquidity and debt criteria,” said Levent Cakiroglu, CEO of the company. Cakiroglu added that the direct impact of the outbreak will become more visible in the second quarter of the year.