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Figures in Challenging Years | CAPITAL / 01.06.2019

Sharing his thoughts and assessments with Capital magazine, Kerim Kemahlı, CFO at Nurol Holding, said: “Underlying the 57.5 percent increase in Nurol Holding’s turnover is the increase in exchange rates. Some 85 percent of our revenues are foreign currency based and the rise in exchange rates has allowed us to surpass our turnover target.” Kemahlı added that the largest share in the increase in turnover and profit was related to their activities in the defense, mining and finance sectors. Expecting a 30 percent increase in turnover and profit this year, Kemahlı said that their performances in the first three months suggested that they will meet this target. Nurol Holding currently receives 37 percent of its income from abroad, and is aiming to increase this figure to above 50 percent. Noting that they are a global brand in construction and defense, Kerim Kemahlı said, “In the coming years, we also want to open up to the foreign market in the mining sector, and are looking at potential opportunities in Africa.”Having clearly laid out its targets for the next five years, Nurol Holding seeks to bring the share of construction in its turnover from 60 percent to below 50 percent, and to double its annual turnover, which currently stands at $1.5 billion.

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