04
Mar
11:03
Borusan Mannesmann profitability surges in 2021
Borusan Mannesmann’s prime-quality product sales increased 22% on-year in 2021 to 640,000 tonnes, of which 62% was exported. The growth came from a low, Covid-19-impacted base, Kallanish notes.
2021 Ebitda almost doubled to TRY 719.1 million ($50.4m). Profit margin rose from negative 0.29% a year earlier to 1.29%, but Ebitda margin fell to 9.8% from 10.2%. The company reported a net profit of $10.62 million in 2021 versus a net loss of $1.49m a year ear…
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Anonymous
Very good overview of the weekly steel market.
Anonymous