Brisa 9-month revenues up 36%
Turkish tyre maker Brisa reports a 36 per cent year-on-year rise in revenues between January and September. In a statement released on October 30, the company disclosed it earned some TL942.5 million (₤329.8 million) during the nine-month period. Net profits rose 35 per cent year-on-year over the same timeframe, to approximately TL47,500 (₤16,600) while EBITA grew 41 per cent to TL114 million (₤39.9 million).
“We hope we will sustain our growth for the rest of the year,” commented Brisa general manager Hakan Bayman. “Despite tension and uncertainty in world markets, we did not need to revise our plans and will continue with the same targets.”
Last year the joint venture partnership between Bridgestone Corporation and Turkey’s Sanbanci Holding, which produces Bridgestone and Lassa brand tyres at its factory in Izmit, recorded revenues of TL980 million (₤342.9 million).