14
Mar
15:27
Erciyas Pipe doubles revenue, foresees export boon
Turkish steel pipemaker Erciyas Boru more than doubled 2022 revenue on-year to TRY 3.5 billion ($212.3m), Kallanish learns from the company’s standalone income statement.
Cost of sales rose to $175.9m from $91.2m in 2021. Net profit in 2022 rose to $10.7m from $2.9m in 2021, but Ebitda margin fell to 20% from 22%.
The company reported 117,000 tonnes of sales in 2022 versus 73,000t a year earlier.
83% of total sales were exported.
Erciyas Pipe has an …
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Anonymous
Very good overview of the weekly steel market.
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