Borusan Mannesmann Boru Sanayi ve Ticaret A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 10:12 pm IST
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Borusan Mannesmann Boru Sanayi ve Ticaret A.S. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TRY 10,156.07 million compared to TRY 6,289.05 million a year ago. Net income was TRY 555.72 million compared to TRY 168.97 million a year ago. Basic earnings per share from continuing operations was TRY 3.9204 compared to TRY 1.192 a year ago.
For the nine months, sales was TRY 25,734.05 million compared to TRY 14,834.35 million a year ago. Net income was TRY 3,093.11 million compared to TRY 554.3 million a year ago. Basic earnings per share from continuing operations was TRY 21.8209 compared to TRY 3.9104 a year ago.
Borusan Mannesmann Boru Sanayi ve Ticaret AS (Borusan Mannesmann) is a Turkey-based manufacturer of pipes and tubes. The Company provides a range of products include gas pipes, water pipes, general-purpose pipes, boiler pipes, construction pipes and profiles, industrial pipes and profiles, large diameter pipes used in infrastructure projects such as water, gas, and oil transmission lines, and also concrete pump pipes, oil pipes and sprinkler pipes. The Company provides products for the fields of energy, construction, automotive, installation, white goods and furniture manufacturing. The Company operates through five plants in Turkey and in Europe. The Company exports its products to various countries in America, Europe and Asia.