STRONG GROWTH BY OYAK CEMENT IN THE FIRST 9 MONTHS

In the statement made to the Public Disclosure Platform, OYAK Cement, the leader of the Turkish cement industry, announced that its shareholders' equity exceeded TL 4.5 billion and its net profit increased by 255 percent in the first nine months of 2022.

Carrying out pioneering activities in its sector to contribute to a sustainable world, OYAK Cement continues to display a strong growth this year, as it did in 2021.

In the statement made to the Public Disclosure Platform (KAP), it was noted that the company's shareholders' equity exceeded TL 4.5 billion in the first nine months of 2022, while EBITDA increased by 202 percent compared to the same period of the previous year. In his statement regarding the financial results, OYAK Cement Board Chairman Suat Çalbıyık emphasized that OYAK General Manager Süleyman Savaş Erdem's vision for the future and the strategy he put forward had a great impact behind their successful performance.

Stating that in the first nine months of 2022, the net profit of the company increased by approximately 255 percent compared to the same period of the previous year and reached TL 1 billion 571 million 579 thousand 737, Çalbıyık indicated that the company’s total revenues reached TL 8 billion 185 million 945 thousand 315 with an increase of approximately 160 percent.

Çalbıyık stated that OYAK Cement, the first Turkish cement company to make a Net-Zero commitment by setting a serious goal on an international scale, continues to come to the fore with its environmentally friendly products and practices that set an example for its sector in the recent period, and this results in an increase in the number of customers.

Çalbıyık expressed that the preference of products with high added value in the market reflects on their profitability, and added that as OYAK Cement, they will continue to grow with products and practices that will shape the sector in the coming period.

10.11.2022

STRONG GROWTH BY OYAK CEMENT IN THE FIRST 9 MONTHS

In the statement made to the Public Disclosure Platform, OYAK Cement, the leader of the Turkish cement industry, announced that its shareholders' equity exceeded TL 4.5 billion and its net profit increased by 255 percent in the first nine months of 2022.

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