18
Aug
09:25
Erciyas Pipe doubles revenue, foresees further export growth
Turkish steel pipemaker Erciyas Boru more than doubled first-half revenue on-year to $102.1 million, Kallanish learns from the company’s standalone income statement.
Cost of sales rose to $86m from $36.4m last year. Net profit in H1 rose to $3.5m from $2m last year, but Ebitda margin fell to 26% from 42%.
The company reported 69,000 tonnes of sales in H1 versus 34,000t last year.
74% of total sales were exported, while the share of exports in revenue …
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Anonymous
Very good overview of the weekly steel market.
Anonymous