Erciyas Boru posted a net profit of TRY 28.5 million in the period between January 1-December 31, 2024, a decrease of 68% compared to the net profit of TRY 92.1 million in 2023.
In the last quarter of 2024, a net loss of TRY 13.1 million was recorded. While it generated TRY 8.2 trillion (TRY 8,262,665,347) from sales in 2023, it generated TRY 7.2 trillion (TRY 7,249,248,079) in 2024.
While net profit for the period was TRY 92.1 million (TRY 92,169,263) in the same period last year, it decreased to TRY 28.5 million (TRY 28,566,668) this year.
The company reported an operating profit of TRY 932.9 million (TRY 932,961,019) in 2023 and TRY 522.1 million (TRY 522,158,741) in 2024.
EBITDA reached TRY 612.9 million (TRY 612,978,000) in 2024, compared to TRY 596.5 million (TRY 596,556,000) last year.
Shareholders' equity increased by 3% to TRY 3.58 billion. In 2024, the company experienced a decline in revenues and a significant decline in profits.
Total assets increased from TRY 9.76 billion to TRY 12.77 billion, while total liabilities increased from TRY 6.78 billion to TRY 9.21 billion.
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