Turkish soft drinks group, Kristal Kola, reported a loss of TL376.3 billion ($282,000/EUR323,000) for 2001 on sales of TL13.6 trillion ($10.2m/EUR11.7m).

The company said it had invested in new plant in 2001 and its results were also negatively affected by the exchange rate of the Turkish lira during the year. However, Kristal Kola management board chairman, Mahmut Erdogan, said the company had no debts and was aiming to increase its market share from its current 10% in 2002.