58 Plastic and Rubber Sectors Firms are in TOP 500 Industrial Enterprises 2018 List

Tarih : 2019.06.14

Financial Expenses Weakened ISO 500 Firm’s Net Profit in 2018 compared with 2017.

• İstanbul Chamber of Industry announced Turkey’s Top 500 Industrial Entrprises 2018 Survey. According to analysis of Turkish Plastic Industrialists’ Association (PAGDER), 58 firms, are related with plastic and rubber sectors, take place in the List. Production based sales of firms increased 27.6% in 2018 compared with 2017.
• Selcuk Gulsun, is the Chiarman of Turkish Plastic Industrialists’ Association (PAGDER) mentioned that “Turkish Plastic Sector had a positive performance according to announced data in this period while it should be taken into account the impact of foreign exchange rate on Turkish Lira side.”

With NACE code classification, there were 27 plastic and rubber sectors’ firms in the List while 58 firms took place in the List with NACE and ISIC code classification.

According to announcement of the Chairman of PAGDER, decrease of profit for the period/operating margin ratio from 75% to 59% was mainly stemmed from financial expenses. Additionally, there was a deterioration in the debt/equity ratio especially in FX debt side in the last five years, according to him.

Selcuk Gulsun, is the Chiarman of Turkish Plastic Industrialists’ Association (PAGDER) also mentioned that “When we look at the financial progress of 58 Firms in the list, there is an increase in all data in the given period, except for employment and gross value added ratios. The decrease in gross value added ratio is stemmed from maintenance in production period in PETKİM in the last quarter of 2018. According to him, increase in 34% in production price index (PPI) and 32% increase in average FX rate should be taken into account while analysing data.

 

	Plastic Sector		TOP 500 Industrıal Entrprises		Change (%)
	2017	2018	2017	2018	Plastic Sector	Top 500 Firms
Production based Sales (Net)	45	57,5	652,7	878	%27.6	%34.5
Sales	49,4	62,5	735,7	987	%26.5	%34.2
Gross Value Added	5,6	3	218,7	230,3	%-47.1	%5.3
Equity	11,2	12,8	263,3	289,8	%14.3	%10.1
Total Assets	31,7	41,2	710,5	879,3	%30.3	%23.8
Profit / Loss for the period	3	3,1	59,9	63,5	%2.3	%6.1
Exports (Billion $)	2,9	3,2	64,5	71,8	%9.3	%11.3
Number of Employess (Person)	38.461	38.173	674.320	690,704	%-0.7	%2.4