Kocaer Çelik announced a total profit of TRY 2.4 million (TRY 2,436,675) for the January-September period of 2024. This figure decreased by 99% compared to the same period of 2023. In the 9-month period of 2023, a profit of TRY 532 million (TRY 532,877,886) was achieved.
The company reported a net loss of TRY 153 million (TRY 153,904,986) for the third quarter.
Kocaer Çelik's revenue decreased by 16% and operating profit decreased by 43% compared to the same period of the previous year.
The company's shareholders' equity decreased by 2% in the quarter.
Kocaer, which generated TRY 15.5 trillion (TRY 15,554,341,056) in sales in the first nine months of last year, generated TRY 13 trillion (TRY 13,071,098,357) in sales revenues this year. While operating profit was TRY 2 trillion (TRY 2,010,987,587) in the same period last year, this figure declined to TRY 1.1 trillion (TRY 1,140,810,466) in 2024.
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