Döktaş Dökümcülük announced its financial results for 2024. The company reported a loss of TRY 461 million for the period January 1-December 30, 2024. This result marked a sharp decline compared to the net profit of TRY 473 million in 2023.
Although the company's revenues increased by 3%, operating profit decreased by 76%, increasing the pressure on profitability. EBITDA decreased to TRY 42.8 million from TRY 154 million a year ago.
Looking at the financial structure, total assets reached TRY 15.1 billion, while liabilities increased to TRY 9.33 billion. While shareholders' equity decreased by 3%, the increase in indebtedness level drew attention.
The market capitalization of the company is calculated as TRY 7.10 billion, while the MV/BV ratio stands at 1.24. The sharp decline in operational profitability and net loss figures reveal that the company needs to take steps in the coming period to restore its financial stability.
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