Business is booming.

Capital increase from Merko Gıda

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Accelerating its growth and export volume with Frigo Pak Besin, which it incorporated last year, Merko Besin made a valuable allocated capital increase application with the statement it made to the Public Disclosure Platform.

ISTANBUL (IGFA)- Merko Besin, one of Turkey’s leading cube tomato and tomato paste producers, which has been operating since 1982, announced its financial results for the first half of the year to the Public Disclosure Platform (KAP).

The company, which started its newest investment breakthrough by purchasing 25 percent of Frigo Pak Gıda, another valuable player in the food sector, for 8.5 million dollars in 2021, completed its application for a dedicated capital increase in the first half of this year.

The company announced to its investors that it has applied to the CMB for a dedicated capital increase, amounting to TL 60 million.

Making a statement on the subject, Alistair Baran Blake, the Leader of the Merko Food Board of Directors, said, “As Frigo Pak, we closed 2020 with a turnover of 107 million TL and 2021 with a turnover of 160 million TL. 2022 is a very valuable, historical year for us. Here, only two companies “We are not talking about the increase in turnover and profit that will occur with the merger of their forces. We are now in a different place in our department with the breakthrough in purchasing, investment and export.”

As it will be remembered, Merko, which increased its turnover compared to previous years, announced 98.5 million TL revenue and 3.9 million TL turnover profit for 9 months in its financial statements published according to the special account transfer.

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