Fortune 500

Turkish energy firm Energy Exchange Istanbul (EXIST) held onto the top spot on Fortune magazine's top 500 Turkish companies list in terms of net sales.

EXIST's sales last year totaled 839 billion Turkish Liras ($36.1 billion), rising 4.9 percent from 2022, according to a statement issued by the magazine.

The combined net sales of Fortune 500 Türkiye companies increased by 65.7 percent in 2021 from the previous year to stand at 3.2 trillion Turkish Liras.

Exports by the Fortune 500 companies rose by 90 percent to 895 billion liras, while their combined net income amounted to 158 billion liras last year, up 138 percent compared with 2020.

According to the latest Fortune 500 list, 25 U.S. companies posted an ANNUAL profit above $10 billion in 2019