10
Nov
08:05
Erciyas Pipe posts lower profit despite revenue surge
Turkish pipemaker Erciyas Boru increased its nine-month-through-2023 revenue by 156% on-year to TRY 6.407 billion ($290 million), Kallanish learns from the company’s standalone income statement.
Cost of sales, however, rose to $5.32 billion from $2.03 billion last year since the company mainly exported large-diameter and heavy tonnage pipes which increased transportation and export expenses. Net profit in January-September fell to $22.7m from …
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Anonymous
Very good overview of the weekly steel market.
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