Turkey’s Top 500 companies announced

ISTANBUL

Turkish oil refiner Tüpraş, which posted over 40 billion liras in sales. DHA photo

Turkish oil refiner Tüpraş, the majority stake in which is owned by Turkish conglomerate Koç Holding, has again topped the list of the Top 500 Turkish companies for 2012, the Istanbul Chamber of Industry (İSO) announced today.

Tüpraş, which posted over 40 billion liras in sales, was followed by Ford Otomotiv, a joint venture of Turkish Koç and Ford, with more than 8 billion liras of sales, and Oyak Renault, a joint venture of Turkey’s Oyak and carmaker Renault, with around 7.5 billion liras in sales.

The biggest three companies were followed by Arçelik, another Koç Group company which produces appliances, Turkish state power company EÜAŞ, Tofaş, which is jointly owned by Turkish Koç Holding and Fiat, İskenderun Iron and Steel Co., Ereğli Iron and Steel Co., steel producer İÇDAŞ, and Aygaz, a Koç Holding company.

The sales from production of the companies in the Top 500 list reached 353.6 billion liras in 2012, a 9.2 percent increase in comparison to the same figure in 2011. The total profits of the top 500 companies reached 24.1 billion liras in 2012, good for a 6.3 percent increase.

The Turkish Petroleum Corporation (TPAO) was the country’s most profitable company in 2012 with around 1.5 billion liras in profit, but the company failed to break into the top 10 list.

Top Ten

1- Tüpraş (40 billion liras)
2- Ford Otomotiv (8 billion liras)
3- Oyak Renault (7.5 billion liras)
4- Arçelik (7.2 billion liras)
5- Turkish state power company EÜAŞ (6.9 billion liras)
6- Tofaş (5.6 billion liras)
7- İskenderun Iron and Steel Co. (5.4 billion liras)
8- Ereğli Iron and Steel Co. (5.1 billion liras)
9- İÇDAŞ (4.9 billion liras)
10- Aygaz (4.7 billion liras)