Şişecam Group reported consolidated net sales of approximately $2.05 billion and a net profit of $307 million in the first nine months of 2017. The group’s consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) reached $563 million for the same period.

According to the statement, Şişecam Group increased its total consolidated net sales revenue by 32.2 percent year-over-year in the first nine months of 2017.

In the same period, the company produced 3.6 million tons of glass, 1.7 million tons of soda and 2.7 million tons of industrial raw materials.

The share of international sales is 58 percent.

“In the first nine months of 2017, our consolidated net sales have reached TL 8 billion [$2.05 billion]. The share of our international sales representing the total amount of exports from Turkey and sales from overseas production is 58 percent in our consolidated sales. During the same period, international sales volume reached TL 4.6 billion [$1.2 billion]. Thanks to ongoing efforts to optimize the cost structure and the geographical distribution of production activities, consolidated EBITDA reached TL 2.2 billion [$563 million] in the same period,” says Ahmet Kırman, vice chairman and CEO.

Şişecam Group reported total investments of $142 million and continued to support the national economy with an export volume of $489 million in the first nine months of 2017.

“Our aim is to further strengthen the group’s financial structure by focusing on sustainable growth and operational excellence. Efforts to optimize production facilities and the cost structure will continue at an increasing pace, with a special emphasis on increased use of automated systems,” says Kırman.