Companies

PMI posts 50.5 in January

Turkey's PMI manufacturing index posted 50.5 in January, down from 52.1 in December 2021 and the lowest in eight months, the survey data from Istanbul Chamber of Industry and IHS Markit have showed.

Any figure greater than 50 indicates overall improvement of the sector.

H&M profit soars as sales return to pre-pandemic levels

Swedish low-cost fashion brand Hennes & Mauritz AB said yesterday that its net sales in local currencies have increased by 8 percent in the fourth quarter of 2021 to 56 billion kronor ($6 billion) back at pre-pandemic level with the full year net sales increasing by 6 percent to 199 billion kronor ($21 billion).

Luka Koper takes out EUR 60m loan to finance investment drive

Koper – Luka Koper, the operator of Slovenia’s sole commercial port, has announced signing a EUR 60 million syndicated loan agreement with NLB and Intesa Sanpaolo Bank, to finance its investment activities. In an announcement posted on the Ljubljana Stock Exchange, the company said the loan has a fixed interest rate with quarterly repayment instalments.

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