You are here: Home > Steel News > Latest Steel News > Turkey’s...

Turkey’s Yükselen Çelik posts higher net loss in H1

Tuesday, 01 October 2024 11:20:07 (GMT+3)   |   Istanbul
       

Turkish steel producer Yükselen Çelik has announced its financial results for the first half this year.

In the first half, Yükselen Çelik posted a net loss of TRY 162.04 million ($4.74 million), up by 251.7 percent compared to the net loss of TRY 46.07 million in the same period of the previous year. The company registered an operating loss of TRY 81.04 million ($2.37 million) in the given period, compared to an operating profit of TRY 46.96 million in the same period last year, while its sales revenues decreased by 13.9 percent due to lower prices and weak demand to TRY 739.03 million ($21.61 million).

The company’s sales volume amounted to 15,969 mt in the given period, up by 3.8 percent year on year.


Similar articles

Turkey’s Erciyas Çelik Boru reports higher net profit for Jan-Sept

18 Nov | Steel News

Turkey’s Çelik Halat ve Tel Sanayii reports increased net loss for Jan-Sept

15 Nov | Steel News

Turkey-based IDC records net loss in Jan-Sept, output increases in all segments

14 Nov | Steel News

Turkey’s Kocaer Çelik reports lower net profit and revenues for Jan-Sept

13 Nov | Steel News

Turkey’s Borusan Boru sees lower-than-expected results in Jan-Sept

12 Nov | Steel News

Turkey’s Kardemir reports lower net loss and sales revenues for Jan-Sept

11 Nov | Steel News

Turkey-based Çemtaş reports lower net loss for January-September

31 Oct | Steel News

Turkey’s OYAK Mining Metallurgy Group posts net profit for first nine months

24 Oct | Steel News

Turkey’s Çelik Halat ve Tel Sanayii posts net loss for H1

23 Sep | Steel News

Turkey’s Kocaer Çelik sees lower net profit and revenues in H1

17 Sep | Steel News