We are aware that our biggest contribution to social welfare is the economic value that we create by increasing our investments and production.
Our contribution to the stakeholders also gradually increases in proportion to our investments, revenues and profitability which increase year by year. In addition to direct employment, we also offer indirect employment and income to thousands of producers, distributors and transportation companies through our "From Farm to Table" integrated business model.
Our total net revenue increased by 27%, from TRY 2,102 million in 2016 to TRY 2,664 million in 2017. Net income for the period also increased by 26% from TRY 95 million in the same year to TRY 120 million in 2017.
We maintained our 51st position in the Istanbul Chamber of Industry (ISO) Turkey's Top 500 Industrial Enterprises list and we have been in the top 100 since 2005. We have increased the asset turnover ratio, which we believe is an important indicator of the efficiency of a business, by 2.06% in 2017.
Since our establishment, we have made investments worth USD 780 million. We have made investments worth USD 86.7 million in 2016 and USD 32.5 million in 2017. As part of both our environmental awareness and efficiency-oriented efforts, we spent TRY 10 million for our R&D activities in 2017.