Eregli Demir Ve Çelik Fabrikalari T.A.S. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 06, 2020 at 11:26 am EDT
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Eregli Demir ve Çelik Fabrikalari T.A.S. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TRY 7,404.231 million compared to TRY 7,450.677 million a year ago. Operating income was TRY 1,192.784 million compared to TRY 1,453.977 million a year ago. Net income was TRY 567.563 million compared to TRY 1,307.972 million a year ago. For the half year, sales was TRY 13,783.158 million compared to TRY 14,594.816 million a year ago. Operating income was TRY 1,956.754 million compared to TRY 2,913.520 million a year ago. Net income was TRY 868.001 million compared to TRY 2,304.622 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.
EREGLI DEMIR VE ÇELIK FABRIKALARI T.A.S. 
