Turkish pipe manufacturer Erciyas Çelik Boru Sanayi A.
Ş. announced financial results for the first nine months of this year.
During the period, the company recorded a net loss of 78.12 million Turkish liras (1.88 million US dollars), compared with a net profit of 45.25 million Turkish liras for the same period in 2024, and sales revenue increased by 6.8 percent year-on-year to 5.55 billion Turkish liras (144.06 million US dollars). Moreover, Erciyas recorded an operating profit of 467.71 million Turkish liras (US$12.14 million), compared with an operating profit of 498.48 million Turkish liras in the first nine months of the previous year.
Between January and September, 71 percent of the company's revenue came from international sales, while industry revenue came from steel pipes, energy, and rail cars, accounting for 81 percent. eight percent and 11 percent, respectively.
In addition, the company continues to work on a new project to develop a large-diameter Hyperloop tube by 2025.
