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Çuhadaroğlu Metal announced its fourth quarter balance sheet for 2024

Çuhadaroğlu Metal Sanayi ve Pazarlama A.Ş. shared its financial results for the fourth quarter of 2024.

Çuhadaroğlu Metal announced its fourth quarter balance sheet for 2024

Accordingly, the company realized sales of TRY 2 billion 772 million in the last quarter of 2024, with an increase of 7% compared to the same period of the previous year. This figure was TRY 2 billion 589 million in the fourth quarter of 2023.

In the same period of 2023, gross profit increased by 55% from TRY 353 million to TRY 548 million.

Operating profit, which was announced as TRY 166 million in the same period of last year, was reported as a loss of TRY 48 million in the last quarter of 2024.

Net monetary position losses amounted to TRY 65 million, while net loss for the period was TRY 191 million. This figure marked a significant decrease compared to the loss of TRY 344 million in the same period of the previous year.

Financial liabilities decreased by 16% q/q to TRY 1 billion 616 million, while net debt was realized as TRY1 billion 133 million.

Shareholders' equity was recorded as TRY 957 million.

EBITDA drew attention

The company's earnings before interest, tax, depreciation and amortization (EBITDA) increased by 292% from TRY 56 million in the last quarter of 2023 to TRY 222 million in the same period of 2024.

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