A large Turkish manufacturer of steel pipes Borusan Birleşik Boru Fabrikaları Ticaret a.
ş. He announced financial results for the first half of this year.
during the indicated period, the company reached a net profit of 597.85 million Turkish lire ($ 14.95 million) compared with a net profit of Turkish lire for the same period last year, while its revenues from sales decreased by 1.6 percent of the annual calculation to the annual calculation to the annual calculation to the annual calculation to the annual calculation to the annual calculation 29.17 billion Turkish lire ($ 774.61 million).
In the first half of the year, the total sales of Borusana amounted to 584,600 tons, decreasing by about 5.6 percent compared to the first half of 2024, while its export amounted to 82 percent of the total resources from sales. According to the company, OCTG sales in the first half of the year increased by 6.8 percent compared to the same period last year. Revenue in this segment, supported by a favorable price medium due to the uncertainty of tariffs created by the US government in relation to OctG products, recorded a limited decrease by 2.9 percent in the first half of 193.8 million. The third quarter of the year, while in the fourth quarter it is expected to normalize it. The company said that the potential influence of possible changes in tariffs used to import steel products will be carefully monitored on operational profitability. On the other hand, in Turkish operations it is expected to increase costs caused by inflation and fluctuations in the exchange rate
