Net dividend of TL 50.4 million from Suwen

Suwen, which went public in 2022 as the fastest growing brand in the Turkish women’s underwear, loungewear and beachwear industry, continues to provide dividend returns to its investors steadily this year, as it did last year.

With the announcement made to the Public Disclosure Platform (KAP) on May 17, SUWEN announced that it will distribute a net profit of 22.5 cents per share to be deposited into the accounts on August 14, and distributed its dividend. Ali Bolluk, General Manager of SUWEN, which made a net distribution of 50.4 million TL in total from its 2023 profit; “We are extremely proud to offer our investors the privilege of dividend income in such a period when the dynamics of our country and the world economy are challenging. In addition to our sustainable growth strategies and fiscal discipline, our consistent dividend distribution for the last two years is an important indicator of the progress we have made towards becoming a corporate company.”

Stating that as SUWEN, they evaluate success with their contribution to the sustainability of their business processes and ecosystems as well as financial data, General Manager Ali Bolluk said;  “As a company that has successfully completed the public offering process, we are determined to operate with the aim of transforming our business processes with a focus on sustainability in this new period. One of our primary goals in the upcoming period is to make Suwen a global brand that represents the unique and self-confident Turkish woman. In this direction, in addition to expanding our retail network in Turkey, we are making investment plans to focus on medium and long-term work with our main export market, the Middle East and the Gulf Region, and to grow in the markets of Eastern Europe, North Africa, Central Asia, Turkic Republics and Russia. In addition, we are aware of the transformation created by sustainability-oriented approaches in the business world; We closely follow global and national trends in this area.”