Turkey’s Asil Celik sees decline in net profit for H1

Monday, 26 August 2013 17:48:25 (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 2013.

In the second quarter, Asil Celik posted a net profit of TRY 3.9 million ($1.95 million), down 61.8 percent compared to the same quarter of the previous year. Sales revenues of the company decreased by 23.2 percent year on year to TRY 118.5 million ($59.4 million). The company registered an operating profit of TRY 4.62 million ($2.3 million) in the second quarter this year, down 69 percent year on year.

In the first six months of the current year, the steelmaker registered a net profit of TRY 7.33 million ($3.67 million), down 76.5 percent compared to the corresponding period of the previous year. Asil Celik's sales revenues in the given period totaled TRY 244.6 million ($122.6 million), down 29.3 percent year on year, while the company posted an operating profit of TRY 11.24 million ($5.63 million), decreasing by 71.1 percent compared to the corresponding period of 2012.


Similar articles

Turkey-based Asil Celik’s sales revenues up 71.6 percent in H1

21 Aug | Steel News

Turkey’s Asil Celik sees lower sales revenue in 2016

09 Mar | Steel News

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

18 Aug | Steel News

Turkey-based Asil Celik’s net profit declines in 2015

04 Mar | Steel News

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

19 Aug | Steel News

Turkey-based Asil Celik sees growth in 2014 net profit

04 Mar | Steel News

Turkey-based Asil Celik’s net profit more than quadruples in H1

15 Aug | Steel News

Turkey’s Asil Celik posts improved net profit for 2013

06 Mar | Steel News

Turkey-based Asil Celik’s net profit falls in 2012

22 Mar | Steel News

Turkey-based Asil Celik’s sales revenues up 71.6 percent in H1

21 Aug | Steel News