Iskenderun-based steel producer Ekinciler Demir ve Çelik Sanayi A.Ş. has announced its financial results for the January-September period of this year.
In the given period, the company's net profit increased by 22.4 percent year on year to TRY 492.65 million ($9.8 million), while its sales revenue rose by 28.1 percent year on year to TRY 19.24 billion ($383.3 million). In the same period, Ekinciler's operating profit decreased by 42.1 percent year on year to TRY 282.31 million ($5.6 million).
Meanwhile, the company's financial income increased to TRY 460.55 million ($9.2 million), while its financial expenses declined to TRY 380.43 million ($7.6 million).
In the first nine months of the year, the company's rebar sales revenue increased by 8.8 percent year on year to TRY 12.76 billion ($254.2 million), while its billet sales revenue rose by 101.7 percent year on year to TRY 6.2 billion ($123.5 million).
In addition, in the January-September period, Ekinciler's domestic sales revenue increased by 13.6 percent year on year to TRY 16.5 billion ($328.7 million), while its export sales revenue surged by 509.9 percent year on year to TRY 2.68 billion ($53.4 million).
