Displaying items by tag: Konya Çimento
Turkey: The Turkish competition authority Rekabat Kurumu has launched a probe into alleged collusion by nine cement producers. The authority said that it is investigating AS Çimento, Bastas Baskent Çimento, Çimsa, Golas Goller Bolgesi Çimento, Konya Çimento, Kupeliler Endustri, Limak Çimento, Oyak Çimento and Brazil-based Votorantim Cimentos.
Mixed results from Turkish producers in first half of 2012
24 October 2012Turkey: More Turkish cement manufacturers have released first half results for 2012, which continue the mixed trend seen from other producers.
Aslan Çimento saw a marginal decrease in its revenue, by 0.37% in the first half of 2012. It recorded total revenues of Euro29.5m for the half, making Euro3.0m in profit. In the second quarter of 2012 it Aslan had a revenue of Euro17.5m and profit of Euro2.9m.
Göltaş Göller Bölgesı Çimento saw total revenues of Euro67.5m in the first half of 2012, a 73.5% increase compared to the first half of 2011. Its net profit was also up, growing by 54.5 to Euro9.1m. Over the three months to 30 June 2012, the company had a total revenue of Euro50.3m, representing an increase of 85.4% compared to the second quarter of 2011. In the three month period it saw a net profit of Euro0.85m.
Konya Çimento's results showed a 256% year-on-year increase in its net profit, from a low base. It recorded a net profit of Euro6.83m compared to Euro1.92m in the same period of 2011. Konya's total revenue was up by 3.8% to Euro48.0m in the first half of 2012 compared to Euro46.5m in the first half of 2011.
Çimentas Izmir Çimento Fabrikasi saw its total revenue increase by 1.72% to Euro117.7m in the first half of 2012, recording a net profit of Euro2.8m. In the course of the second quarter of 2012, which ended on 30 June 2012, the company recorded a revenue of Euro72.5m, an increase of 5.6% year-on-year. It saw a quarterly net profit of Euro2.1m.