The holding stated on Friday that consolidated sales revenue of the holding increased 23 percent to 24.5 billion TL, and operating profit rose 14 percent to 2.002 billion TL, and net profit rose 15 percent to 766 million TL in the first six months of 2010.
The employment figure in Koç Holding companies, which was 67,988 in the first half of 2009, increased to 71,818 as of June, 2010.
Koç Holding A.Ş. is the top industrial conglomerate in Turkey. The Koç family, Turkey's wealthiest dynasty, controls the company with its headquarters in Nakkastepe, Istanbul.
Vehbi Koç, who established his first firm in 1926, collected all of the companies bearing his name under the roof of Koç Holding on November 20, 1963 in order to centrally manage these companies and to provide optimum resource allocation.
Koç Holding operates in the automotive, durable goods, food, retailing, energy, financial services, tourism, construction and IT industries. The Holding serves the group as the decision making body in charge of identifying strategies and controlling, coordinating and providing direction to its activities. The Holding also formed a unit for long-term business planning in order to align business decisions with national development plans.
The shares of 16 Koç Group companies are traded on the İstanbul Stock Exchange (ISE); together, the groups comprise 113 companies and 14,000 dealers, agencies, and after-sales services people.
