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CVK Madencilik announces Q2 balance sheet

CVK Madencilik shared its second quarter balance sheet for 2024 on the Public Disclosure Platform (“PDP”).

CVK Madencilik announces Q2 balance sheet

According to the financial report published by CVK Maden İşletmeleri Sanayi ve Ticaret A.Ş., a total profit of 137 million TL (137,938,064 TL) was achieved in the period 01.01.2024 - 30.06.2024. In the second quarter of 2023, a profit of 271 million TL (271,975,591 TL) was announced.

The company, whose net profit decreased by 49% compared to the same period of the previous year, reported a net profit of 84 million TRY (84,065,192 TRY) in the said period. In the same period, revenue increased by 70% and operating profit by 18% compared to the same period of the previous year.

In the first six months of 2023, the mining company generated TL 806 million (TL 806,152,209) in sales, while this year it reached TL 1 trillion (TL 1,367,138,854) in sales revenue. While operating profit was 279 million TL (279,158,717 TL) in the same period last year, this figure was 328 million TL (328,337,272 TL) in 2024.

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