Bursa-based Turkish steelmaker Çemtaş Çelik Makina Sanayi ve Ticaret A.Ş (Çemtaş) has announced its financial and operational results for 2022.
Accordingly, Çemtaş has reported a net profit of TRY 954.43 million ($50.52 million) for the given period, compared to a net profit of TRY 403.32 million in 2021. In 2022, the sales revenue of the company amounted to TRY 3.31 billion ($175.13 million), rising by 118.9 percent year on year, while the company registered an operating profit of TRY 1.01 billion ($53.67 million), increasing from the operating profit of TRY 481.69 million recorded in 2021.
In 2022, Çemtaş’ steel billet output totaled 158,509 mt, decreasing by 12.3 percent, while its rolled steel output fell by 13.3 percent to 144,361 mt, both year on year.
Meanwhile, in the full year the company’s sales to the domestic market increased by 0.5 percent year on year to 106,799 mt, while its export sales fell by 17.8 percent to 40,621 mt compared to the previous year.
