Eregli Demir ve Çelik Fabrikalari T.A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 11:13 am EDT
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Eregli Demir ve Çelik Fabrikalari T.A.S. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TRY 34,608.63 million compared to TRY 14,333.36 million a year ago. Net income was TRY 6,639.42 million compared to TRY 3,183.48 million a year ago. Basic earnings per share from continuing operations was TRY 1.896977 compared to TRY 0.909565 a year ago. Diluted earnings per share from continuing operations was TRY 1.896977 compared to TRY 0.909565 a year ago.
For the six months, sales was TRY 63,812.75 million compared to TRY 24,797.57 million a year ago. Net income was TRY 12,265.48 million compared to TRY 5,801.16 million a year ago. Basic earnings per share from continuing operations was TRY 3.504423 compared to TRY 1.657473 a year ago. Diluted earnings per share from continuing operations was TRY 3.504423 compared to TRY 1.657473 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. 
