Konya Kagit Sanayi ve Ticaret A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 11:12 am
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Konya Kagit Sanayi ve Ticaret A.S. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TRY 433.98 million compared to TRY 567.01 million a year ago. Net income was TRY 193.93 million compared to TRY 225.61 million a year ago. Basic earnings per share from continuing operations was TRY 1.492 compared to TRY 1.74 a year ago.
For the six months, sales was TRY 975.32 million compared to TRY 1,028.7 million a year ago. Net income was TRY 228.35 million compared to TRY 368.84 million a year ago. Basic earnings per share from continuing operations was TRY 1.757 compared to TRY 2.84 a year ago.
Konya Kagit Sanayi ve Ticaret AS is a Turkey-based company, which engages in paper and paper products manufacturing. The company carries out production in Konya Organized Industrial Zone and Istanbul Gunesli facilities in a total area of 105 thousand square meters, half of which is closed, with 450 personnel. Konya Kagit's main products are spools of pulp writing paper, copy papers in A3-A4-A5 sizes, A4/A5 notebooks, printing and packaging products. The production capacity of the entity is 130 tons per year, including 100 tons of paper, 10 tons of notebooks, 20 tons of cardboard printing, printing and packaging products. Konya Kagit meets its electricity and steam needs from its own natural gas-fired cogeneration facility.