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Döktaş Dökümcülük has announced its 2023 financial balance!

Döktaş Dökümcülük announced its financial results for 2023 on the Public Disclosure Platform (KAP).

Döktaş Dökümcülük has announced its 2023 financial balance!

According to the data in the statement published on KAP, Döktaş Dökümcülük's total assets increased by 63 percent compared to the end of 2022 and reached 11.6 billion TL. The increase was mainly driven by significant growth in fixed and current assets. The company's current assets increased by 36 percent year-on-year to TL 3.6 billion, while its noncurrent assets increased by 80 percent to TL 8 billion.

Founded in 1973 in Orhangazi, Bursa, Döktaş Dökümcülük announced that its revenues increased by 51 percent to TL 9.6 billion in 2023 and its profit for the period more than quadrupled to TL 473 million.

The company's short-term liabilities increased by 24 percent compared to the end of 2022, reaching TL 3.8 billion, while its long-term liabilities almost doubled to TL 3.3 billion.

Shareholders' equity has more than doubled year-on-year to TL 4.5 billion. Net cash outflow from investing activities increased by 8 percent compared to 2022 to TL 614 million. Net cash outflow from financing activities amounted to TL 816 million.

Döktaş Dökümcülük, which supplies cast iron, spheroidal and aluminum parts to the automotive, heavy commercial vehicles, construction and agricultural machinery and machinery manufacturing sectors, announced that it achieved a total net profit of 473 million TL in 2023. The net profit of the company, which made a total profit of 104 million TL in 2022, increased by 353 percent.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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