Turkish retail group Migros has posted profits of TRY552.9m (US$428.34m) for the 2007 fiscal year, an increase of more than seven times the profit reported for the previous year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


Profits were boosted by the group’s sale of its stake in Russian retail firm Ramenka to Enka Insaat for US$542.5m.


In a statement to the Turkish stock exchange yesterday (7 April), the company reported a 12% rise in sales, which climbed to TRY4.79bn. Gross operating profit was up 10% to 1.19bn.


Migros was bought from KOC Holding by private equity group BC Partners last year for a total of TRY1.98bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.