Kordsa Global Starts 2016 with Profit

Kordsa Global started 2016 profitably. Closing the first quarter of 2016 with net sales of TRY 488 million and net profit of TRY 56.6 million, Kordsa Global maintained its profitability. Kordsa Global increased total sales by 26% compared to the same quarter of the previous year and by 25% compared to the previous quarter. The company achieved gross profit of TRY 66 million. Strong trends in the North America, Europe, Middle East and Africa markets, the APAC region's progression as anticipated, the South America market's evolution without significant currency effects, and these factors are among the key drivers of the strong financial results in the first quarter.