Many firms in top 1,000 post losses

ISTANBUL

İSO’s second top 500 list shows that many industry firms post losses.

The number of loss-posting companies in Istanbul Chamber of Industry’s (İSO) second top 500 list increased to 125 from 58 last year, as the total debt of the private companies in the list also jumped by a risky 29 percent.

İSO’s top 500 industry firms also included 120 companies that posted losses.

The company that topped İSO’s second 500 list, which depends on sales from production, declined to provide its name. Cam Elyaf Sanayi ranked number two with a loss of 159.649 million liras.

Alarko was the company with the highest profits and the second company with the highest profits also declined to give a name.

The 1,000 companies in İSO’s two lists generated some 9.9 percent of the country’s gross domestic product.