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Erdemir Reports 2019 Results

Steel News - Published on Fri, 14 Feb 2020

Image Source: Erdemir
Eregli Demir Çelik has announced its 2019 consolidated balance sheet. According to the data, the company achieved a net profit of 227.506.000 TL in the fourth quarter, and the total net profit of 2019 was 3.316.527.000 TL. Company's total net profit in 2019 decreased by about 40 percent compared to the previous year.

Flat Products7.4827.250-3.1%
Long Products0.9191.05715.0%
Iron Ore and Pellet Sales (*)1.8801.9413.2%

(*) As of 31 December 2019, 1.839 thousand tonne of Ermaden’s sales are made for Group Companies (2018: 1.820 thousand tonne)

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Posted By : Yogender Pancholi on Fri, 14 Feb 2020
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