Eregli Demir Ve Çelik Fabrikalari T.A.S. Reports Earnings Results for the Full Year Ended December 31, 2020
February 11, 2021 at 11:16 am EST
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Eregli Demir ve Çelik Fabrikalari T.A.S. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TRY 32,048.029 million compared to TRY 27,465.185 million a year ago. Operating income was TRY 5,646.228 million compared to TRY 4,456.996 million a year ago. Net income was TRY 3,309.093 million compared to TRY 3,316.527 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.