Kocaeli-based Turkish steel wire and rope producer Çelik Halat ve Tel Sanayii Inc. has announced its financial results for the first quarter of the current year.
In the given quarter, the company posted a net loss of TRY 306.79 million ($6.76 million), compared to a net loss of TRY 251.46 million recorded in the same period of the previous year, while its sales revenues rose by 0.6 percent year on year to TRY 498.33 million ($10.98 million). In addition, Çelik Halat ve Tel Sanayii’s operating loss came to TRY 120.31 million ($2.65 million), compared to an operating loss of TRY 173.69 million recorded in the first quarter of 2025.
In the first quarter, the company’s total steel rope sales value amounted to TRY 282.27 million ($6.22 million), increasing by 21.9 percent, and its galvanized wire sales value fell by 50.2 percent to TRY 24.20 million ($533,281), while its spring wire sales rose by 2.3 percent to TRY 128.30 million ($2.83 million), all on year-on-year basis.
