Oil Refiner Tupras Retains Turkey's Biggest Industrial Enterprise Title
Sumaira FH Published May 26, 2021 | 03:28 PM
Refinery giant Tupras retained its longtime leadership as Turkey's biggest industrial enterprise with production-based sales worth 58.6 billion TL ($8.4 billion), the Istanbul Chamber of Industry (ISO) said on Wednesday
ANKARA , (UrduPoint / Pakistan Point News - 26th May, 2021 ) :- Refinery giant Tupras retained its longtime leadership as Turkey's biggest industrial enterprise with production-based sales worth 58.6 billion TL ($8.4 billion), the Istanbul Chamber of Industry (ISO) said on Wednesday.
With production-based sales of 45.2 billion liras ($6.5 billion), car manufacturer Ford ranked second in the list of Turkey's Top 500 Industrial Enterprises in 2020, ISO data showed.
It was followed by another carmaker Oyak Renault with 31.
2 billion liras ($4.5 billion) last year.
Exports of Turkey's industrial giants at the list decreased 12.8% year-on-year to $64.1 billion, survey revealed, saying their operating profit increased by 55%, employment by 3% and R&D expenditure by 5%.
"While the rise in equity was promising, the current debt-equity ratio continued to be a chronic problem," it said.
The ISO has been announcing data on Turkey's top 500 companies since 1968.
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