Eregli Demir Ve Celik Fabrikalari T.A.S. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 26, 2019 at 02:13 pm EDT
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Eregli Demir ve Celik Fabrikalari T.A.S. Announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was TRY 7,144.139 million compared to TRY 5,418.802 million a year ago. Operating income was TRY 1,459.543 million compared to TRY 1,537.331 million a year ago. Net income was TRY 996.650 million compared to TRY 1,063.247 million a year ago.
Eregli Demir ve Celik Fabrikalari TAS is a Turkey-based company, which is engaged in the production of iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke and their by-products. The Company produces plates, hot and cold rolled, tin, chromium and zinc coated flat steel and supplies basic inputs to automotive, white goods, pipes and tubes, rolling, manufacturing, electrics-electronics, mechanical engineering, energy, heating equipment, shipbuilding, defense, and packaging industries. The Companyâs subsidiaries include: Erdemir Asia Pacific Pte Ltd, Erdemir Celik Servis Merkezi Sanayi ve Ticaret AS, Erdemir Madencilik Sanayi ve Ticaret AS, Erdemir Muhendislik Yonetim ve Danismanlik Hizmetleri AS, Erdemir-Romania SRL and Iskenderun Demir ve Celik AS.