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Erbosan Boru announced its financial results for 2024

Erbosan Erciyas Boru Sanayii ve Ticaret A.Ş. shared its financial report for the fourth quarter of 2024.

Erbosan Boru announced its financial results for 2024

According to the report published by the company on the Public Disclosure Platform (KAP), a loss of TRY 220.6 million was recorded throughout the year.

On a yearly basis, the company, which announced a net loss of TRY 78.7 million (TRY 78,749,164) in the fourth quarter, realized a net loss of TRY 220.6 million (TRY 220,671,307) for the period 01.01.2024 - 31.12.2024. Last year, a loss of TRY 214.8 million (TRY 214,814,109) was announced.

Sales revenues decreased by 18% to TRY 4.50 billion in 2024 from TRY 5.48 billion in 2023, while operating profit fell by 48% to TRY 583.9 million.

EBITDA decreased significantly to TRY 314 million.

Total assets decreased to TRY 4.15 billion at the end of 2024 from TRY 4.62 billion a year ago and total liabilities decreased to TRY 1.53 billion from TRY 1.72 billion.

In the quarter, shareholders' equity decreased by 3% to TRY 2.61 billion.

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