Sisecam 1H 2005 profit down 6%

The 1H 2005 consolidated net profit of Sisecam Group was down 6.1% from a year earlier to TRL 71.35 million (USD 52.91 million), the Turkish glass and chemical group said on 8 September 2005
In a sta…

The 1H 2005 consolidated net profit of Sisecam Group was down 6.1% from a year earlier to TRL 71.35 million (USD 52.91 million), the Turkish glass and chemical group said on 8 September 2005 In a statement to the Istanbul Stock Exchange, the company also said its operating profit slipped 3.6% to TRL 141.89 million in the first six months while net sales rose 5.6% to TRL 1.09 billion. Sisecam has large investments outside Turkey, including in neighbouring Bulgaria and in Russia. It recently raised its investment in Bulgaria by about 40% to USD 220 million.