Erciyas Steel Pipe reports TL 50 Million Q2 profit

As companies continue to release their second quarter 2024 financial statements, Erciyas Steel Pipe has also announced its financial report on the Public Disclosure Platform (PDP).

The company, which announced a profit of 17 million TL (17,165,913) in the first six months of 2023, announced a total profit of 50 million TL (50,592,118) in the January-June period of 2024. This represents a 195% increase in net profit compared to the same period of the previous year. The company achieved a net profit of 38 million TL (38,460,039) during this period.

The pipe company, which reported sales revenue of 1 billion TL (1,908,544,086) in the first half of last year, reached 3 billion TL (3,620,582,371) in sales revenue in the same period this year. The company, which achieved an operating profit of 167 million TL (167,987,463) in the same period of 2023, shared that its operating profit this year is 610 million TL (610,842,836). Erciyas Pipe, which increased its revenue by 90% compared to the same period of the previous year, increased its operating profit by 264%.