İsdemir announced profit in the Q2 of the year

İsdemir announced its second quarter financial results for 2024 on the Public Disclosure Platform on August 15, 2024. In the first 6-month period of 2023, the iron and steel company, which made a loss of almost TL 2.5 billion (2,465,435,000), announced a total profit of TL 7.1 billion (7,112,702,000) in the period January 1-June 30.

The company reported a net profit of 2.7 billion TRY (2,788,644,000) for the quarter.

İsdemir, which increased its revenue by 97% compared to the same period of the previous year, managed to increase its operating profit by 11478%.

The iron and steel producer, which realized sales of 27 billion TL (27,184,356,000) in the first half of last year, reached 53 billion TL (53,775,357,000) in the same period this year. In the same period of 2023, the company made an operating profit of 66 million TL (66,294,000) and announced that this year's operating profit was 7.6 billion TL (7,675,898,000).