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How they had beaten the crisis? | Capital / 01 June 2010

Several companies had to compromise from profitability in year 2008 in which the first effects of the crisis was felt. However, in 2009, the companies did not exhibit the same behavior. They have focused on profitability even though they experienced a decline in revenue. Only the profit of 3 holdings out of holdings who were sharing Profitability information fell, and 1 has announced losses. Nurol Holding was one of the three companies of the best-performing in terms of profitability in 2009.

Nurol Holding, increased its 13 million Turkish Liras profitability of year in 2008, to a profitability of 45 million Turkish Liras with an increasing of 246 percent in year 2009. According to the Chairman of Nurol Holding, Nurettin ÇARMIKLI, in order to compensate for the effects of the crisis; the strengthening the credibility of their companies, increasing of their efficiencies on project basis, and closely following of the developments in the market and then taking the necessary measures on time had a positive impact on profitability.

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