Turkey's Çelik Halat ve Tel Sanayii posts greater net earnings for Jan-Sept

Kocaeli-based Turkish steel cord and also rope manufacturer Çelik Halat ve Tel Sanayii Inc. has introduced its economic results for the first 9 months of the present year.The business signed up a net earnings of shot 25.48 million ($1.36 million) in the January-September period of the year, compared to a web earnings of TRY 2.32 million tape-recorded in the very same duration of the previous year, while its sales profits increased by 137.1 percent year on year to shot 1.07 billion ($57.78 million). In the offered duration, Çelik Halat ve Tel Sanayii's complete steel rope sales worth amounted to TRY 420.94 million ($22.6 million), increasing by 132 percent, its galvanized cable sales increased by 90.7 percent to shot 58.56 million ($3.14 million), while its spring wire sales climbed by 103.9 percent to TRY 184.69 million ($9.91 million), all on year-on-year basis.According to the firm's declaration, in the initial nine months of the year Çelik Halat ve Tel Sanayii's domestic sales increased by 164 percent, while its abroad sales boosted by 111 percent, both on year-on-year basis. In the exact same duration, the business's domestic sales contributed 52 percent of its general sales, from 47 percent taped in the same duration of 2021, while the share of its abroad sales dropped to 48 percent, from 53 percent in the initial nine months of the previous year.

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