12
May
01:00
Turkish pipemaker Ozbals Q1 revenue rises 37% y/y, but output falls
Turkish spiral welded pipemaker Ozbal Celik Boru registered a 36.6% year-on-year rise in revenue to TRY 41.4 million ($15.4m) in the first quarter. Its production, however, declined to 12,552 tonnes from 15,403t a year ago.
Ozbal’s Q1 15 operating loss deepened to TRY 187,000 from TRY 77,400 a year earlier as sales costs increased and other income from operations declined. Net loss widened to TRY 4.6m from TRY 2.7m in Q1 2014, mainly hit by a 50% y-o-y…
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Anonymous
Very good overview of the weekly steel market.
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