Turkey-based Asil Celik’s net profit declines in H1

Thursday, 18 August 2016 15:22:48 (GMT+3)   |   Istanbul
       

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 854,989 ($292,084) for the second quarter, compared to a net profit of TRY 8.7 million in the corresponding quarter of the previous year. Sales revenues of the company decreased by 0.88 percent year on year to TRY 175.9 million ($60.08 million). The company registered an operating profit of TRY 2.79 million ($953,762) in the given period, down 81.2 percent year on year.
 
In the first half of the current year, Asil Celik's net profit decreased to TRY 4.65 million ($1.59 million), compared to a net profit of TRY 13.09 million in the same period of 2015, while the sales revenues of the company decreased by 20.3 percent year on year to TRY 282.3 million ($96.39 million). Asil Celik's operating profit in the first six months amounted to TRY 8.66 million ($2.95 million), declining from TRY 25.59 million in the corresponding period of the previous year.

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