Turkish food group Tat Gida has reported an increase in revenue and earnings for the first nine months of 2014.

Operating profit grew 38.3% to TRL48.2m (US$21.3m) on the back of higher sales, which were up 17.1% at TRY611.5m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The improved revenue came in part from rising volumes. Tat Gida said its sales volumes increased 7.7%, with volumes from its combined tomato paste and canned foods unit growing by over a fifth.

Proceeds from the sale of assets in the meat sector boosted Tat Gida’s net profit. For the nine months to 30 September, Tat Gida booked a net profit of TRY143.1m, up from TRY13.3m a year earlier.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now