KARDEMİR Announces 2018 First Half Financial Results

The Board of Directors of Karabük Iron and Steel Enterprises (KARDEMİR) achieved the highest profitability since 2018, according to the first half financial results of 1995 announced.

The statement made by the Board of Directors of KARDEMİR is as follows; According to the Consolidated Financial Statements which were audited by our Independent Audit Company, our sales revenues increased by 37% in 2.549 Million compared to the same period of the previous year, our EBITDA amount increased to 224 Million by 841 million and our net profitability by 320 Million increased by 439 Million. Kardemir is one of the most profitable companies in the sector with its 33 EBITDA margin. In the first half of the year, 2018 achieved the highest profitability since its privatization, 1995.

We would like to thank all our employees, from the most grassroots worker to the General Manager, for producing these successful results for Kardemir, Karabük and for our country by adding not only labor and forehead sweat to steel, but also congratulate each of them for their devotion.

To all of our shareholders who maintain their trust and support to KARDEMİR, to our public and local administrations, tradesmen, traders, non-governmental organizations, industrialists, customers and customers who always consider Kardemir as an indispensable part of the industry of our country and who are always with Kardemir. we thank our suppliers, local people and members of the press.

Our biggest goal is to sustain the successful business results achieved in all of our business processes by achieving strong sales prices since the year of 2017, a steady increase in our production and dynamic adaptation to market conditions with strict fiscal discipline.

Net profit in Turkey's first 15, to achieve our first 10 and objective take place within the first xnumx'n in ISO 500 ranking in EBITDA ratio will continue our efforts with determination and Kardemir developing our corporate infrastructure will bring to a company serving to the country and more sectors than yesterday.

Kardemir's 2018 Year First Half Financial Figures are as follows:

Consolidated net asset: 7.227.225.634-TL
Consolidated turnover: 2.548.691.978-TL
EBITDA: 840.810.027-TL
EBITDA Margin:% 33
EBITDA TL / ton: 745-TL
Consolidated net profit for the period: 438.925.723-TL

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About Levent Ozen
Every year, high-speed rail sector, the European leader in the growing Turkey. Investments in railways, which take this speed from high-speed trains, continue to increase. In addition, with the investments made for transportation in the city, the stars of many of our companies making domestic production shine. It is proud that Turkish high-speed tren national train ”production has been started in addition to the companies producing domestic tram, light rail and subway vehicles. We are very happy to be in this proud table.

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