Oyak Çimento reports TL 3 billion profit
Oyak Çimento reported a net profit of TL 3 billion in the third quarter of 2026, exceeding market expectations of TL 2.3 billion.
The company's quarterly revenue reached TL 17.8 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at TL 5.4 billion, above analysts' forecasts of TL 5.1 billion. Although net profit declined 32% year over year, it increased 36% compared with the previous quarter. Sales revenue also rose 8% quarter over quarter.
The recovery in operating performance was supported by activities in the Marmara and Aegean regions, product mix, and cost management. The EBITDA margin increased to 30.4% in the third quarter, while the company's net cash position reached TL 13.6 billion. The commissioning of the Beypazarı Solar Power Plant also supported cost management efforts. However, high interest rates and export transportation costs continued to put pressure on operations.
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