10
Nov
07:29
Erciyas Pipe reports doubled revenue, expects export growth
Turkish steel pipemaker Erciyas Boru more than doubled nine-month revenue on-year to $157.8 million, Kallanish learns from the company’s standalone income statement.
Cost of sales rose to $127.8m from $55.3m last year. Net profit in January-September rose to $5.8m from $4.6m last year, but Ebitda margin fell to 24% from 35%.
The company reported 86,000 tonnes of sales in the nine months versus 50,000t last year.
83% of total sales were exported, while…
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Anonymous
Very good overview of the weekly steel market.
Anonymous