The 46th General Assembly Meeting of Alarko Holding was held on 15 April 2021, Thursday at the Holding Headquarters in Ortaköy. Our 2020 annual report was shared at the General Assembly Meeting held in accordance with the pandemic measures.
İzzet Garih, Chairman of the Board of Alarko Holding, stated in the Message from the Chairman included in the Annual Report, that their observations indicate that normalization at a global scale would start as of the second half of 2021 following 2020, which was spent under the shadow of the pandemic encountered nearly every 100 years in the world's history.
Stating that it made them happy not to witness huge losses in various business segments despite the pandemic thanks to the recent developments in the digital technology, İzzet Garih continued: "As the Group of Companies, we adapted fast to these developments in our organization, and implemented new working methods successfully in line with the newly-emerging conditions. As you can see in our annual report, our total combined revenue has increased by 29% compared to the last year, reaching TL 14.4 billion, whereas the net profit of our parent company has been recorded at TL 802 million, increasing by 108%. I would like to extend my gratitude to everyone in our team, from the top to the bottom of the organization, who contributed to the achievement of these results."
Indicating that he expects significant opportunities to arise for them in the second half of 2021 together with the recovery period in both the country and abroad, İzzet Garih said: "With our young and dynamic staff to closely follow these developments, we will develop the right plans and strategies and help Alarko continue its healthy growth backed by its knowledge gained out of experience and its decisions based on calculated risks. As the first pillar of our Group's main philosophy, we will always follow our principle of “being honest towards the government, customers, stakeholders, employees, shareholders, sub-sectors and supporting industries in all activities” . Constantly improving our efficiency also in 2021, we will always strive towards increasing our revenue, and continue to share the positive outcome with all our shareholders and stakeholders."