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Kocaer increased its profits by 23% in the last quarter of 2023

Kocaer Çelik Sanayi ve Ticaret A.Ş. (KCAER), according to the fourth quarter balance sheet of 2023 published on the Public Disclosure Platform (KAP), announced its net profit as 1 billion 186 million 704 thousand 182 TL, increasing by 23%.

Kocaer increased its profits by 23% in the last quarter of 2023

The company's net profit increased significantly in 2023 compared to 2022. KCAER had made a net profit of 964 million 430 thousand 062 TL in the previous period.

According to the balance sheet, KCAER's sales in 2023 decreased by 14% compared to the same period of the previous year and reached 15 billion 91 million 480 thousand 796 TL. However, the main operating profit increased by 3% to 1 billion 804 million 218 thousand 779 TL.

The company's EBITDA was 2 billion 228 million 955 thousand TL in 2023. This figure increased compared to the same period of the previous year.

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