06
Mar
16:21
Erdemir posts solid financials despite lower output, sales
Turkey-based Erdemir Group's financial performance remained robust in 2022, despite lower output during the year and continuous price decreases from the second quarter, Kallanish notes.
The firm's revenue grew by 87.3% on-year to TRY 127.8 billion ($8.1 billion), up 87.3% on-year, as net profit rose by 16% on-year to TRY 18.7 billion. Ebitda crept up 0.5% to TRY 27 billion, but profitability plunged 18.3 percentage points to 21.1%, mostly on the weaker lir…
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Anonymous
Very good overview of the weekly steel market.
Anonymous