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๐Ÿ‡น๐Ÿ‡ท Turkey /Economy & Trade

Filo Denizcilik's revenue rose nearly fivefold in two years

From Sabah · () Turkish

Translated from Turkish and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data Under investigation
  • Filo Denizcilik, owner of the Filo Jet vessel that sank in Girne, has come under scrutiny.
  • The company reported revenue of 8.844 million Turkish lira in 2022 and 41.454 million lira in 2024, an increase of about 4.7 times.
  • It raised its capital by about 90 million lira on March 27, while the Filo Jet joined its fleet in 2024.

Filo Denizcilik, the owner of the Filo Jet vessel that sank in the maritime disaster in Girne, has come under scrutiny as its revenue increased nearly fivefold in two years.

The company was established in the Turkish Republic of Northern Cyprus on December 14, 2009, with nine shareholders. It now has 13. Businessman Mehmet Can DรถnรผลŸ, who was born in Mersin, remains one of its largest shareholders and also holds a major stake in the Northern Cyprus-based company ร‡aฤŸrฤฑ Lojistik.

DรถnรผลŸ owned 21.43% of Filo Denizcilik at its formation. Nine days later, on December 23, 2009, the Council of Ministers granted him citizenship of the Turkish Republic of Northern Cyprus. He is currently the company's largest shareholder with a 21.15% stake.

Filo Denizcilik's revenue rose from 8.844 million lira in 2022 to 41.454 million lira in 2024, an increase of about 4.7 times. The company carried out a capital increase of approximately 90 million lira on March 27. The Filo Jet joined its fleet in 2024.

About this summary

Originally published by Sabah in Turkish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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