Eregli Demir ve Çelik Fabrikalari T.A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 09:55 am EDT
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Eregli Demir ve Çelik Fabrikalari T.A.S. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TRY 37,390.39 million compared to TRY 36,722.56 million a year ago. Net income was TRY 41.37 million compared to TRY 2,564.86 million a year ago. Basic earnings per share from continuing operations was TRY 0.0118 compared to TRY 0.7328 a year ago.
For the nine months, sales was TRY 101,010.33 million compared to TRY 100,535.32 million a year ago. Net loss was TRY 3,867.43 million compared to net income of TRY 14,830.34 million a year ago. Basic loss per share from continuing operations was TRY 1.105 compared to basic earnings per share from continuing operations of TRY 4.2372 a year ago.
Eregli Demir ve Celik Fabrikalari TAS is a Turkey-based company, which is engaged in the production of iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke and their by-products. The Company produces plates, hot and cold rolled, tin, chromium and zinc coated flat steel and supplies basic inputs to automotive, white goods, pipes and tubes, rolling, manufacturing, electrics-electronics, mechanical engineering, energy, heating equipment, shipbuilding, defense, and packaging industries. The Companyâs subsidiaries include: Erdemir Asia Pacific Pte Ltd, Erdemir Celik Servis Merkezi Sanayi ve Ticaret AS, Erdemir Madencilik Sanayi ve Ticaret AS, Erdemir Muhendislik Yonetim ve Danismanlik Hizmetleri AS, Erdemir-Romania SRL and Iskenderun Demir ve Celik AS.
EREGLI DEMIR VE ÇELIK FABRIKALARI T.A.S. 
