Eregli Demir ve Çelik Fabrikalari T.A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 11:14 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, 2023. For the second quarter, the company reported sales was TRY 37,345.95 million compared to TRY 34,608.63 million a year ago. Net loss was TRY 3,999.11 million compared to net income of TRY 6,639.42 million a year ago. Basic loss per share from continuing operations was TRY 1.142602 compared to basic earnings per share from continuing operations of TRY 1.896977 a year ago.
For the six months, sales was TRY 63,619.93 million compared to TRY 63,812.75 million a year ago. Net loss was TRY 3,908.8 million compared to net income of TRY 12,265.48 million a year ago. Basic loss per share from continuing operations was TRY 1.116799 compared to basic earnings per share from continuing operations of TRY 3.504423 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. 
