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OYAK Mining Metallurgy Group's posts net profit for H1-2025年广州国际有色金属工业（铜业）展览会 -The 25th China(Guangzhou) Int'l Non-Ferrous Metals (Copper) Exhibition
8/20/2024 non-ferrous metals expo-copper exhibition |
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Turkish integrated steelmaker OYAK Mining and Metallurgy Group has announced its financial and operational results for the firsthalf of this year.
In the given half the company reported a net proft of TRY 10.39 bilion ($308.29 milion), compared to a net loss of TRY 3.99bilion in the same period last year, while its sales revenues amounted to TRY 100.22 bilion ($2.97 bilion), up by 57.5 percent yealon year. OYAK Mining and Metallurgy Group''s operating income in the given quarter amounted to TRY 13.37 bilion ($396.70milion), compared to an operating income of TRY 3.66 bilion in the same period of the previous year.
Regarding the operational results, in the given period OYAK Mining and Metalurgy Group produced 4.44 milion mt of crude steelrising by 41.0 percent, including 1 .76 milion mt of crude steel produced at the Eregli works, and 2.68 milion mt at the lskenderun
works
In the given period. the flat steel output of OYAK Mining and Metallurgy Group increased by 17.5 percent to 3.58 milion mt. whilethe company''s long steel output amounted to 450.000 mt. moving up by 125.0 percent. both year on year. Additionally. in the givenperiod, the flat steel sales volumes of the company went up by 15.4 percent year on year to 3.49 milion mt, while its long steelsales volumes grew by 147.8 percent year on year to 441.000 mt.
During the first half, the company exported 738.000 mt of finished steel to 34 countries.
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-The 25th China(Guangzhou) Int''l Non-Ferrous Metals (Copper) Exhibition
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