11
May
01:00
Turkish pipemaker Erbosan Erciyas Boru sees Q1 net profit down y/y
Turkish steel pipemaker Erbosan Erciyas Boru posted a -7.9% year-on-year decline in net profit to TRY 5.8 million ($2.1m) in the first quarter, as higher sales costs and tax expenses offset the rise in revenue, Kallanish learns from the company’s standalone income statement.
Tax expense from continuing operations went up to TRY 1.58m in Q1 from TRY 777,000 a year earlier. Operating profit rose 4.2% y-o-y to TRY 7.5m, while operating expenses …
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Anonymous
Very good overview of the weekly steel market.
Anonymous