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Turkish Kardemir has net loss in Q1-Q3

Turkish Kardemir has net loss in Q1-Q3

Kardemir, an integrated long products producer in Turkey, reported that it had a net loss of 418.2 million liras in the first three quarters of this year, compared to a net profit of 199 million liras in the same period last year.

During the period, the firm’s turnover rose by 5.17 billion liras year on year. Crude steel production reached nearly 1.9 million tons, a year-on-year increase of 13.2%. The sales volume of finished products hiked by 6.4% year on year to roughly 1.8 million tons, mainly due to the strong demand in the domestic market.

Yieh.com
Nov 15, 2020 13:12
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