Polisan Holding, which has investments in chemicals, paints and port management, reported its consolidated financial results for the second quarter of 2023 to the Public Disclosure Platform (KAP).
Accordingly, Polisan Holding's consolidated revenues increased by 11 percent in the first half of the year compared to the same period of the previous year, and reached 2 billion 172 million 395 thousand TL.
The net profit of the company in the first 6 months of the year was 103 million 937 thousand 265 TL.
Contraction affected exports
Cantekin Dinçerler, Member of the Executive Board of Polisan Holding, said that the global struggle with the high inflation felt after the pandemic caused the risks of recession to increase.
Noting that the Russian-Ukrainian war intensified these effects, especially in Europe, Dinçerler continued as follows:
“The effects of the ongoing contraction in demand since the third quarter of 2022 have seriously affected our exports as a country. In addition to the Kahramanmaraş-centered earthquakes that took place in February and described as the 'Disaster of the Century', the election atmosphere also caused the postponement of investments and expenditures in the economy.
As Polisan Holding, we closely follow the developments in the world and in Turkey and integrate them into our strategies. We take measures to compensate for our operational costs, which have increased due to inflation and exchange rate pressure, by increasing our revenue on the one hand and focusing on operational efficiencies on the other.