Turkish specialty steel producer Asil Celik A.S. (Asil Celik) has announced its financial results for the second quarter and the first half of the current year.
Asil Celik has reported a net profit of TRY 854,989 ($292,084) for the second quarter, compared to a net profit of TRY 8.7 million in the corresponding quarter of the previous year. Sales revenues of the company decreased by 0.88 percent year on year to TRY 175.9 million ($60.08 million). The company registered an operating profit of TRY 2.79 million ($953,762) in the given period, down 81.2 percent year on year.
In the first half of the current year, Asil Celik's net profit decreased to TRY 4.65 million ($1.59 million), compared to a net profit of TRY 13.09 million in the same period of 2015, while the sales revenues of the company decreased by 20.3 percent year on year to TRY 282.3 million ($96.39 million). Asil Celik's operating profit in the first six months amounted to TRY 8.66 million ($2.95 million), declining from TRY 25.59 million in the corresponding period of the previous year.