Top 3 firms unchanged in 2022 edition of Fortune’s top 500 Turkish firms list
Turkish energy firm Energy Exchange Istanbul (EXIST) has kept its leading spot in Fortune magazine’s list of top 500 Turkish companies by net sales.
The top three firms were unchanged in the list’s 2022 edition. Energy firm TUPRAS and the country’s flag carrier Turkish Airlines followed EXIST, the magazine said on Tuesday at a press conference in Istanbul.
In 2022, seven of the list’s top 10 companies were in the energy sector.
EXIST’s sales totaled 799.6 billion Turkish liras ($48.2 billion) in 2022,soaring 378.5% on a yearly basis.
TUPRAS posted sales of 481.7 billion Turkish liras ($29.03 billion) in 2022, jumping 215.9% year-on-year.
Turkish Airlines’ sales amounted to 311.2 billion Turkish liras ($18.75 billion), leaping 219.5% on an annual basis.
The average USD/TRY exchange rate in 2022 was at 16.59.
Rounding out the top 10 are energy firms Petrol Ofisi, Star Refinery, Opet, and SOCAR, vehicle maker Ford Automotive, mining company Ahlatci, and discount retailer BIM.
The top 500 firms’ net profit was at 545.1 billion liras ($32.85 billion), up 245.5% on a yearly basis, while total sales amounted to 8 trillion liras ($482.2 billion) in 2022.
In 2022, 34 companies saw net losses, versus 104 in 2022.
The 500 firms’ overall exports rose 137.9% in 2022 to reach 2.13 trillion ($128.6 billion).