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News Mardin

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Turkish financial reports

10 April 2013

Turkey: Adana Çimento reported a total revenue 0.1% lower in the final quarter of 2012 than in the same period of 2011, taking US$41.4m. Its net profit, however, grew by over half year-on-year, rising by 50.2% to US$19.3m for the quarter.

Batisoke Soke Çimento saw its 2012 sales revenue fall by 4.5% to U$45.0m from US$45.2m in 2011.

Bursa Çimento's saw its net profit and revenue both fall in 2012. Its net profit dropped by 73.6% to US$6.7m on revenues that were 9.2% lower than in 2011 at US$274.2m.

Çimsa Çimento saw its revenue increase by 7.9% year-on-year in 2012 compared to 2011, taking US$487m over the year. However, the company saw its net profit fall by 6.5% year-on-year to US$64.5m in 2012.

Çimentas Izmir has reported a net profit of US$16.3m for 2012, 38.2% more than it earnt in 2011. The company has made a profit in four of the past five years. The company's sales revenue came in at US$333.7m for 2012, a 6.9% improvement on 2011 when it took US$297m in sales.

Mardin Çimento made a net profit of US$20.5m in 2012 after it saw its net profit slump by 56.4% compared to 2011. The company's total revenue was down by 19.7% to US$116m.

Unye Çimento's total revenue was down by 19.7% to US$116m in the fourth quarter of 2012, while its net profit for the quarter was 46.8% higher year-on-year at US$10.5m.

Published in Global Cement News
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Oyak expects solid Turkish recovery

23 November 2011

Tukey: Oyak Cement Group has posted a net profit of Euro73m and a sales revenues of Euro336m in the first nine months of 2011. The group said that domestic cement demand increased by 12% your-on-year in the first half of 2011 and Oyak has reiterated its expectation that domestic cement sales would increase by 8% year-on-year in 2011 as a whole.

The group's Mardin Çimento recorded an earnings before interest, tax, depreciation and amortisation margin of 38.7%, a net income margin of 31.4%, and return on capital of 21.1% over the first nine months. This performance was the strongest of the 15 cement companies listed on the Istanbul Stock Exchange.

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