ID :
108662
Thu, 02/25/2010 - 21:59
Auther :
Shortlink :
http://m.oananews.org//node/108662
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TURKEY'S PETROL OFISI POSTS 191 MLN USD PROFIT IN 2009
ISTANBUL (A.A) - 25.02.2010 - Petrol Ofisi, Turkey's leading fuel distributor, posted on Thursday 191 million USD of profit in 2009.
The company told a statement that its turnover was 14 billion Turkish liras (TL) in 2009 (9 billion USD).
"Our net profit was 287 million TL (191 million USD) in 2009, with 185 percent rise over 2008," the company said.
Petrol Ofisi's net sales were around 14 billion TL (9 billion USD) in 2009.
"Both shortcomings in free market structure and tax hikes in fuel oil products have put the sectoral organizations and consumers in a difficult situation," Petrol Ofisi's CEO Melih Turker said.
Turker said, "maybe a more optimistic, but definitely a more confident and demanding competitive atmosphere is awaiting us in 2010 and afterwards," Turker said.
The CEO said their priority was to minimize the impact of crisis, and to go on their customer-focused initiatives and investments, and the company had a successful performance, thanks to its measures to raise productivity and take costs under efficient control.
"In 2010 and afterwards, we will maintain our customer-focused initiatives, and make our portfolio more efficient," Turker said.
Turker also said Petrol Ofisi would behave cautiously to sustain its growth performance, and try to raise productivity.
Established in 1941 by the Turkish State as a "State Economic Enterprise" with a mission to make fuel and lubricants available for public and private enterprises, as well as private consumers, Petrol Ofisi has continued its leadership in Turkish fuel-distribution & lubricants industry, further strengthening its bond with its consumers through innovative products and high quality, consumer-focused services.
Becoming a joint stock company in 1983, Petrol Ofisi was included in State Privatization Program in 1991; and fully privatized in 2000. The main shareholders of Petrol Ofisi are, Dogan Holding (54,17 %) that is one of the strongest groups focusing on energy, media, finance, trade, industry and tourism in Turkey and OMV (41.58 %) the leading energy group in European growth belt; while 4,25 % shares are traded in Istanbul Stock Exchange.
The company brings services to all of Turkey's 81 cities and to over 850 boroughs with country's largest network consisting of 3.140 fuel stations, 10 fuel terminals, 2 LPG terminals, 35 air-supply units, a lubricant plant and a storing capacity of approximately 1 million cubic meters.
The company told a statement that its turnover was 14 billion Turkish liras (TL) in 2009 (9 billion USD).
"Our net profit was 287 million TL (191 million USD) in 2009, with 185 percent rise over 2008," the company said.
Petrol Ofisi's net sales were around 14 billion TL (9 billion USD) in 2009.
"Both shortcomings in free market structure and tax hikes in fuel oil products have put the sectoral organizations and consumers in a difficult situation," Petrol Ofisi's CEO Melih Turker said.
Turker said, "maybe a more optimistic, but definitely a more confident and demanding competitive atmosphere is awaiting us in 2010 and afterwards," Turker said.
The CEO said their priority was to minimize the impact of crisis, and to go on their customer-focused initiatives and investments, and the company had a successful performance, thanks to its measures to raise productivity and take costs under efficient control.
"In 2010 and afterwards, we will maintain our customer-focused initiatives, and make our portfolio more efficient," Turker said.
Turker also said Petrol Ofisi would behave cautiously to sustain its growth performance, and try to raise productivity.
Established in 1941 by the Turkish State as a "State Economic Enterprise" with a mission to make fuel and lubricants available for public and private enterprises, as well as private consumers, Petrol Ofisi has continued its leadership in Turkish fuel-distribution & lubricants industry, further strengthening its bond with its consumers through innovative products and high quality, consumer-focused services.
Becoming a joint stock company in 1983, Petrol Ofisi was included in State Privatization Program in 1991; and fully privatized in 2000. The main shareholders of Petrol Ofisi are, Dogan Holding (54,17 %) that is one of the strongest groups focusing on energy, media, finance, trade, industry and tourism in Turkey and OMV (41.58 %) the leading energy group in European growth belt; while 4,25 % shares are traded in Istanbul Stock Exchange.
The company brings services to all of Turkey's 81 cities and to over 850 boroughs with country's largest network consisting of 3.140 fuel stations, 10 fuel terminals, 2 LPG terminals, 35 air-supply units, a lubricant plant and a storing capacity of approximately 1 million cubic meters.
