Kocaeli-based Turkish steel wire and rope producer Celik Halat ve Tel Sanayii Inc. has announced its financial results for the second quarter and the first half of the current year.
In the second quarter, Celik Halat ve Tel Sanayii posted a net profit of TRY 199,604 ($103,796), compared to a net profit of 1.05 million in the same quarter of 2012. The sales revenues of the company increased to TRY 33.2 million ($17.25 million), up 10.6 percent year on year.
In the first six months of the current year, the Turkish steelmaker registered a net loss of TRY 179,239 ($93,251), compared to a net profit of TRY 2.06 million in the given period of the previous year. In the first half, sales revenues amounted to TRY 60.54 million ($31.45 million), down 3.2 percent year on year.
In the first half of 2013, Celik Halat ve Tel Sanayii produced 27,589 metric tons of steel products, up 2.65 percent year on year.
In the given period, Celik Halat ve Tel Sanayii's steel rope output totaled 5,221 metric tons, rising by 7.4 percent, its galvanized wire production amounted to 884 metric tons, up 19.8 percent, spring wire output increased by 8.7 percent to 3,901 metric tons, its bead wire production decreased by 38.5 percent to 2,939 metric tons, while its pre-stressed wire strand production totaled 14,644 metric tons, increasing by 9.6 percent, all compared to the corresponding period of 2012.During the first half, the company reported zero production of single-strand rope.
In the first six months of 2013, product sales of Celik Halat ve Tel Sanayi increased by a slight margin of 1.07 percent year on year to 27,352 metric tons.