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Oyak Çimento announces its first quarter financial results

OYAK Cimento Fabrikaları A.Ş. announced its financial results for the first quarter of 2024.

Oyak Çimento announces its first quarter financial results

Following the announcement of the balance sheet results for the first quarter of 2024 (01.01.2024 - 31.03.2024), Oyak Çimento Fabrikaları A.Ş. announced its financial results.

Based on the balance sheet announced by Oyak Cimento (OYAKC), the company realized a net profit of 807,025,603 TL in the first quarter of the year. Net profit of the company, which was realized as 415,153,484 TL in the same period of the previous year, increased by 94 percent.

Sales revenues of Oyak Çimento also showed a remarkable increase in the mentioned period. Sales revenues, which were 7,775,414,217 TL in the first quarter of 2023, increased by 5 percent compared to the same period of 2024 and reached 8,164,185,927 TL.

While the cement plant's revenue increased by 5% compared to the same period of the previous year, operating profit decreased by 6%.

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