Turkish conglomerate Koç Holding said on Thursday its net profit climbed 31 percent to 1.290 billion lira ($334 million) in the third quarter from 981 million lira in the same period a year earlier.
According to a statement to the İstanbul stock exchange, its total sales climbed to 25.87 billion lira in the third quarter from 18.64 billion in the same period a year earlier.
In October, three names from Koç family entered to the list of the richest in the world. Occupational murders and deaths have been increasing in the workplaces owned by Koç group meanwhile.
Four workers were killed and two injured on October 11 due to an explosion in the western province of İzmir at the Koç Holding's TÜPRAŞ oil refinery. According to the expert report, there had been no necessary inspections nor gas measurements in the oil storage tank which had been issued a certificate of maintenance permit prior to a permit-to-work.
TÜPRAŞ petroleum refinery, which is recently ranked as the biggest industrial enterprise of Turkey, was a state-owned enterprise and sold by AKP government to Koç Holding in the scope of the privatisation process.
Koç Holding’s net profit saw a sharp rise also in the second quarter, 2017. Its second-quarter net profit rose to 1.42 billion Turkish Liras ($402.8 million) from 918.1 million liras in the same period a year earlier, it said in a statement to the Istanbul stock exchange on Aug. 18. The 54.4 percent year-on-year increase in the business group’s net profit mainly came from strong contributions of its energy and automotive companies.
