(MENAFN) Turkey's economy has seen severe financial instabilities since the second half of 2013, intensifying in 2014 and 2015, continuing up to now according to the released reports.
Leading industrial companies tried to maintain their net profits in sales, but they had to share a substantial slice of the value created with the banking sector in interest rates.
In 2015, the financial expenses of industrial businesses reached almost half of their real operating profits, and this applied to the 500 top industrial firms in the country.
The cited 500 companies have been witnessed to borrow rapidly as opposed to their equity capitals and that this situation was not able to be controlled in the past.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.