Erciyas Steel Pipe Industry Inc. (ERCB) announced its balance sheet for the fourth quarter of 2023 in a statement to the Public Disclosure Platform (KAP) on March 11th, 2024.
The company reported a total net profit of 92,169,263 TL in this period. However, this figure represents a 50% decrease compared to the company's net profit of 184,752,843 TRY in the previous 12-month period. In addition, the company's quarterly profit for the 4th quarter of 2023 was realized as 69,530,303 TRY. Compared to the same period last year, Erciyas Pipe's revenue increased by 135% and operating profit increased by 106%. These figures reveal the changes in the company's performance and financial position in detail.
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