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Turkey's OYAK Mining Metallurgy Group posts net profit for first nine months-金属展-冶金展-2025广州巨浪国际金属暨冶金工业展览会-巨浪展览-2025 Chin
a (Guangzhou) Int'l Metal & Metallurgy Industry Exhibition
10/28/2024 金属展-冶金展-钢铁展-steel expo-metal & metallurgy expo |
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Turkish integrated steelmaker OYAK Mining and Metallurgy Group has announced its financial and operational results for the firstnine months of the current year.
The company has reported a net profit of TRY 11 .28 bilion ($350.19 milion) for the first nine months this vear. compared to a netloss of TRY 3.83 bilion in the same period of last year, while the company''s sales revenues amounted to TRY 148.95 bilion ($4.62bilion), up by 47.4 percent year on year. The company''s operating income in the first three quarters amounted to TRY 15.85 bilion($492.14 milion), compared to an operating income of TRY 9.69 bilion in the first nine months of the previous year
Regarding the operational results, in the given period OYAK Mining and Metallurgy Group produced 6.6 milion mt of crude steel.up 32.0 percent due to the easing of the effects of the earthquake which reduced production sharply in February 2023, including2.6 milion mt of crude steel produced at the Eregli works, up by 29.0 percent, and 4.0 milion mt at the lskenderun works,increasing by 35.0 percent. all year on year.
In the first nine months this year, the flat steel output of OYAK Mining and Metallurgy Group increased by 6.8 percent to 5.20milion mt, while the company''s long steel output amounted to 727,000 mt, growing by 73.1 percent, both year on year. Additionally.in the given period, the flat steel sales volumes of the company went up by 7.3 percent year on year to 5.15 milion mt while itslong steel sales volumes increased by 72.4 percent year on year to 707.000 mt.
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