09
Aug
13:43
Erbosan Erciyas Boru's H1 profit rises, revenue falls
Turkey's Erbosan Erciyas Boru saw its first-half net profit increase 17.1% on-year to TRY 13.2 million ($4.5m). Lower costs and expenses more than compensated for the fall in revenue, Kallanish notes from the steel pipemaker’s income statement.
Revenue slipped -3.2% to TRY 131.8m in H1. Erbosan did not provide details about production and sales volumes in its standalone financial report.
Operating profit rose 3.1% to TRY 13.4m as operating expenses …
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Anonymous
Very good overview of the weekly steel market.
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