Turkish steel producer Yükselen Çelik has announced its financial results for the second quarter and first half this year.
In the second quarter, the company has posted a net profit of TRY 109.27 million ($2.67 million), compared to a net loss of TRY 128.34 million. The company's operating profit amounted to TRY 183.37 millon ($4.48 million), compared to an operating profit of TRY 16.92 million in the same period last year, while its sales revenues decreased by 54.7 percent year on year to TRY 200.6 million ($4.9 million).
In the first half, Yükselen Çelik posted a net loss of TRY 93.22 million ($2.28 million), compared to the net loss of TRY 218.84 million in the same period of the previous year. The company registered an operating loss of TRY 51.96 million ($1.27 million) in the given period, compared to an operating loss of TRY 109.44 million in the same period last year, while its sales revenues decreased by 51.8 percent to TRY 480.38 million ($11.75 million).
