Eregli Demir Ve Çelik Fabrikalari T.A.S. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 22, 2020 at 01:10 pm EDT
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Eregli Demir ve Çelik Fabrikalari T.A.S. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TRY 8,152.865 million compared to TRY 6,416.445 million a year ago. Operating income was TRY 1,600.235 million compared to TRY 1,001.655 million a year ago. Net income was TRY 581.608 million compared to TRY 784.399 million a year ago. For the nine months, sales was TRY 21,936.023 million compared to TRY 21,011.261 million a year ago. Operating income was TRY 3,533.714 million compared to TRY 3,920.694 million a year ago. Net income was TRY 1,449.609 million compared to TRY 3,089.021 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. 
