9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Kocaer Çelik's net profit amounted to TL 1,116 million

Kocaer Çelik recorded a net profit of TL 1,116 million in the first nine months of 2023.

Kocaer Çelik's net profit amounted to TL 1,116 million

In a statement made to the Public Disclosure Platform (KAP), Kocaer Çelik Sanayi ve Ticaret A.Ş. announced that it increased its net profit for the 9 months of 2023 to 1,116 million TL. The company increased its net profit for the January-September period of 2023 to 1,116 million TL.

In the statement made to the Public Disclosure Platform (KAP), the following were recorded:

"The quarterly increase in sales volume and effective cost management ensured that the upward trend in gross profit margin continued in the third quarter. Between 1 July - 30 September 2023, gross profit margin increased to 23.6 percent from 20.4 percent previously. In parallel with gross profitability, EBITDA margin also increased compared to the previous quarter and stood at 17.5 percent. In the first 9 months of 2023, our Company recorded a total operating profit of TL 1.58 billion. On the other hand, financing expenses decreased significantly in the January-September 2023 period compared to the same period of the previous year and amounted to TL 520 million. With the contribution of both the improvement in sales revenues and margins and the sharp decrease in financing expenses, the company managed to increase its total net profit by 146 per cent in the first 9 months of 2023 compared to the same period of the previous year, from TL 454 million to TL 1,116 million.''

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now