Yünsa announced its 2017 financial results. According to the statement given by Yünsa to Disclosure Platform (KAP), the firm’s turnover reached 297,6 million TL with 20% increase from 247 million TL compared to the previous year. The firm had 14,8 million TL net profit from 34,1 million TL net term loss it explained in 2016.
General Director of Yünsa, Nuri Refik Düzgören who evaluates 2017 financial results, says “We achieved to increase our turnover 20% in 2017. First we focused on growing by well managing business capital and removing the inefficiencies at the firm. We increased our efficient production performance by spreading TPM activities into the whole firm. Besides, we reduced unprofitable sales and carried out profitability- focused sale targets. As a results of these developments, we passed to profit from the loss. We are maintaining our growth with R&D and innovation by investing 38 million TL for R& since last seven years.”
Düzgören who also gives details about Yünsa’s export rates in 2017, by stating they raised their export income 19%, says “Today, we export to more than fifty countries. And we realize 70% of the export at our sector in Turkey. 2/3 of our annual turnover forms export and we meet 5% of world’s total fabric market”. Düzgören who mentions 2018 targets, uses the following statements; “Now expanding in Far East which we work with little volumes for now is our main strategy in 2018. We are targeting to increase our shares in the markets in the countries especially such as Japan, Southern Korea and Singapore. ”
