Kordsa on shopping spree

Bloomberg

The company expects $900 million of revenue in 2008 and a 10 percent increase in operational profit, the newspaper said, citing Chief Executive Mehmet Pekarun. Kordsa had 1.2 billion Turkish Liras of sales in 2007, which was around $1 billion by then. Kordsa also plans $50 million investment this year, Pekarun said, according to Milliyet.

Kordsa shares traded at 1.34 liras in the afternoon Friday, a 3 percent increase since the start of the year.