12
May
13:39
Turkey’s Erciyas Pipe records notable first-quarter growth
Turkish steel pipemaker Erciyas Boru more than doubled first-quarter revenue on-year to $53.1 million, Kallanish learns from the company’s standalone income statement.
Cost of sales rose to $44.7m from $20.1m last year. Net profit in Q1 rose to $1.54m from $1.14m last year, but Ebitda margin fell to 24% from 37%.
The company reported 37,000 tonnes of sales in Q1 versus 16,000t last year.
76% of total sales were exported, while the share of exports in …
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Anonymous
Very good overview of the weekly steel market.
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