“Koloğlu Holding maintains growth through a sound financial position. The Company’s revenue growth exceeded 300 percent in the past five years. Total assets grew by more than 200 percent in the same period. We take pride in our ongoing investments by drawing strength from our sound financials.”
SOUND FINANCIALS, ROBUST FINANCIAL POSITION
Koloğlu Holding is one of Turkey’s fastest- and strongest-growing companies. The Company is constantly thriving. The Group raises the bar for success higher each year through sustainable growth. Our financial indicators are a testament to the Company’s success with an immensely resilient stance against global and local economic fluctuations. In domestic and foreign financial markets alike, we are highly regarded as a company with a robust financial strength and sound financials. Annual revenues are soaring. Koloğlu Holding’s 2019 revenues eclipsed 15.6 billion Turkish Lira, a 2.5-billion Turkish lira rise year-on-year. We are elated to have surpassed our target annual growth rates. The Company’s resources advanced to 240 percent in the past five years.
Figures for the past five years, excluding the financials from Electricity Distribution and Supply companies, are as below:
|Revenues (thousand TRY)||3.855.643||4.894.905||7.655.792||13.186.157||15.648.646||20.026.748|
|Revenues (thousand USD)||1.417.985||1.621.850||2.100.643||2.645.220||2.759.172||2.859.575|
Revenues rose by approximately 2.5 billion Turkish lira to 15,648,646 thousand Turkish lira year-on-year in 2019. Since 2015, the rate of revenue growth has been 305.86 percent.