The Turkish manufacturer became Yükslen çelik, declared financial results for the second quarter and the first half of this year.
In the second quarter, the company received a net profit of 109.27 million Turkish lire ($ 2.67 million) compared to a pure loss of 128.34 million Turkish lyre. The company's operating profit amounted to 183.37 million Turkish lire ($ 4.48 million) compared with an operating profit of 16.92 million Turkish lire for the same period last year, while sales revenue decreased by 54.7% in annual terms of the Turkish lire ($ 4.9 Milln).
In the first half of the year, Yuxelin Chelik announced a clean loss of 93.22 million Turkish lire ($ 2.28 million) compared to a pure loss of 218.84 million Turkish lire for the same period of the previous year. The company registered an operational loss in the amount of 51.96 million Turkish lire ($ 1.27 million) for this period compared with the operational loss of 109.44 million Turkish lire over the same period last year, while sales revenues decreased by 51.8 percent to 480.38 million Turkish lires ($ 11.75 million Milln).
