Real Estate

Vakif GYO’s asset size increased to ₺4.6 billion

Announcing its 2021 financial results, Vakif GYO increased its total assets by 58% compared to the previous year to ₺4.6 billion. Reaching the highest net profit in its history with ₺475 million in this period, the company continued to strengthen its position in the real estate sector.

Vakif GYO General Manager Onur Incehasan said, “While we are proud of this picture, it is our goal and responsibility to make these achievements sustainable. While aiming to grow in all our activities since the day it was founded, as a company aiming to contribute to the Turkish economy, we continued to support the construction sector and employment in 2021. During this period, our company’s assets rose to ₺4.6 billion with an annual growth of 58%. Our profit, which was 118 million last year, increased more than 4 times this year to ₺475 million. Thus, we have reached the highest profit figure in the history of our company.”

Indicating that they achieved a sales revenue of ₺737 million in 2021, Incehasan said, “We are carrying out 4 very important real estate projects in 3 big cities. The total construction area of our ongoing projects has exceeded 675 thousand square meters. These projects have reached an investment amount of over ₺5 billion with their lands.”

Source: Sabah / Translated by Irem Yildiz

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