Erdemir group, as compared with 2007, increased its profit 118 perfect in the first six months, becoming 854, 8 million YTL. Clear amount of its profit as compared with first six months, increased to 22,8 percent.
This profit, which is obtained in the first half of 2008, the highest profit in history. The previous profit was 286, 3 millions USD in 2007.
Because of increasing raw materials like coal, are the cost of sales had an increasing. However, Erdemir group, dependent on positive developments, fertility and increasing of sale prices, incomes of sales increased to 32 percent and became 3,756 million YTL. Profit sales, as compared to previous year, increased to 129 percent and became 1,249 million YTL, and activity profit increased to 1,085 million YTL by increasing &141 percent. Activity profit margin also increased to 28 percent by having 13 points.
Group, as compared with the same term of last year, increased FAVÖK values to 97,6 percent and FAVÖK margin grew 34i9 percent.
IN the first half of 2008, Ereğli establishment materialized material flat product about 21 percent. A thousand ton flat material was produced; it was 1,467 tons for hot, 891 tons for cold. On the other hand, Iskenderun establishment, thanks to slab products, materialized 1,641 tons product by increasing 27 percent. Hot Haddahane, which is established in Iskenderun having capacity of 3, 5 million to, became successful in testing produce in August. Therefore, the last stage of steel products became real.
Material sales of Ereğli establishments, as compared with previous year, increased 2,303 tons. 885 thousand tons of total sale emerged from hot materials. The amount of sales in Ereğli establishments as compared to first six months of previous year, increased 28 percent and become 1,612 tons.
In Erdemir group, investment expenditure became 358, 8 millions USD in the first six months of 2008. So that, Erdemir group, after OYAK period, reached at 1, 876, 5 millions USD in investment expenditure.
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