Turkish specialty steel producer Asil Celik A.S. (Asil Celik) has announced its financial results for the second quarter and the first half of the current year.
Asil Celik has reported a net profit of TRY 8.7 million ($3.03 million) for the second quarter, compared to a net profit of TRY 10.5 million in the corresponding quarter of the previous year. Sales revenues of the company decreased by 11.7 percent year on year to TRY 177.5 million ($61.3 million). The company registered an operating profit of TRY 14.9 million ($5.15 million) in the given period, up 2.14 percent year on year.
In the first half of the current year, Asil Celik's net profit decreased to TRY 13.09 million ($4.52 million), compared to a net profit of TRY 31.3 million in the same period of 2014, while the sales revenues of the company decreased by 10.6 percent year on year to TRY 354.4 million ($122.5 million). Asil Celik's operating profit in the first six months amounted to TRY 25.59 million ($8.84 million), declining from TRY 42.5 million in the corresponding period of the previous year.