UNLU Investment Holding (UNLU & Co) increased its asset size to ₺1 billion 716 million in 2022, an increase of 83% compared to 2021, and increased its net profit to ₺268.8 million with an increase of approximately 238%.
Investment services and asset management group UNLU Investment Holding (UNLU & Co), increased its asset size to ₺1 billion 716 million with an increase of 83% compared to 2021, and increased its net profit to ₺268.8 million with an increase of approximately 238% in 2022.
According to the statement made by UNLU & Co, UNLU & Co shared its financial results for 2022.
UNLU & Co, which increased its total comprehensive income by 166% to ₺305 million in 2022 compared to the previous year, also increased its net profit by 238% to ₺268.8 million.
UNLU & Co increased its asset size from ₺939 million to ₺1 billion 716 million in 2022 with an increase of 83% compared to 2021. UNLU & Co’s shareholders’ equity reached ₺894 million with an increase of 47%, and its profit before tax amounted to ₺350.7 million.
Mahmut Unlu, Chairman and CEO of UNLU & Co, whose views were included in the statement, said:
“As a country, we are going through days when we are faced with a very sad picture. We are deeply saddened by the loss of more than 46 thousand citizens due to earthquakes in Kahramanmaras. We express our condolences to all of Turkiye, especially to the relatives of our citizens who lost their lives, and wish all our injured people to recover as soon as possible. Despite all the ups and downs in 2022, we maintained our high performance and profitability as a result of our ability to diversify our business and entering new business areas. We took important steps in line with our plans, without compromising our long-term growth strategies and by continuing to increase our revenues while doing so. Thanks to our 27 years of history and knowledge, equipped with all kinds of tools and competencies, we passed a difficult period with gains.”
‘Credit rating rose to AA+’
Noting the important developments in 2022, Unlu said, as a result of the ‘UNLU’ shares traded in the Borsa Istanbul (BIST) Main Market in 2022, the company’s strong financial structure and profitability, and the increase in its transaction volume and market value, as of January 2, 2023, it started to be traded in Yildiz Market in Borsa Istanbul Equity Market.
Mahmut Unlu continued his words as follows:
The international rating agency Japan Credit Rating (JCR) Eurasia upgraded UNLU & Co’s long-term national credit rating from AA to AA+ despite the turmoil in the global economic environment. In addition, in 2022, we launched our new fintech startup, Piapiri, which got us very excited. With Piapiri, we democratized financial investments by offering the services we have provided to qualified investors to a much wider audience. With Piapiri, we aim to reach millions of investors in the next 5 years, if the great transformation that has begun takes place and if investments in Turkiye turn to capital market products more widely and permanently.’
Noting that their successful year was also registered with the awards they received, Unlu said, “As UNLU & Co, we received awards in various fields of investment services from very valuable institutions such as Euromoney, EMEA Finance, Mergermarket and Business Vision in 2022. On behalf of our Board of Directors and myself, I would like to thank our employees, our valued customers and all our business partners who contributed to this success.’
Source: AA / Prepared by Irem Yildiz