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Economy

Gross sales of construction companies doubled

Turkish Statistical Institute and Central Bank of the Republic of Turkey According to the “Industry Balance Sheets 2021” study prepared in collaboration with the company, the gross sales of companies in the construction sector have increased steadily over the past 5 years.

While the total gross turnover of these companies was 290 billion 647 million 203 thousand liras in 2016, it reached 361 billion 205 million 985 thousand liras in 2017, 436 billion 111 million 145 thousand liras in 2018 and 484 billion 971 million 657 thousand lire in 2018. 2019. output.

In the period when the Covid-19 epidemic was in effect, companies in the sector managed to increase their sales above 500 billion lira. The companies achieved sales of 503 billion 862 million 784 thousand liras in 2020 and 620 billion 768 million 301 thousand liras last year. Thus, the gross sales of these companies have increased by 113.6% over the last 5 years.

During this period, gross domestic sales made by companies in the sector increased from 266.7 billion lira to 558.7 billion lira, and international sales from 18.9 billion lira to 50.5 billion lira. read. Other income from the gross sales sub-item increased from 5.1 billion lira to 11.5 billion lira. Sales momentum was also reflected in increases in assets. During this period, the asset size of companies operating in the construction sector increased from TL 830.1 billion to TL 1.9 trillion, and their shares reached TL 347.3 billion from 163, 3 billion TL.

SALES BY REAL ESTATE COMPANIES HAVE ALSO DOUBLE

On the other hand, there has been an increase in the sale of companies in the field of real estate activities, which are closely linked to the construction sector. The sales of companies operating in this field increased from 16.1 billion lira to 53.9 billion lira during the period 2016-2021.

The gross domestic sales of these companies increased from 15 billion lira to 51.4 billion lira, and their international sales increased from 171.2 million lira to 773.1 million lira.

Companies in the field of real estate activities have also managed to increase the size of their assets. During this period, the size of the assets of these companies increased 2.9 times, from 110.1 billion lira to 317.7 billion lira.

Source Cumhuriyet

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