According to the assertion by ASELSAN, the corporate’s gross revenue elevated by 68% in comparison with the primary half of the earlier yr, whereas its earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) elevated by 62% to achieve 4.4 billion Turkish liras in comparison with the identical interval final yr.
The EBITDA margin was 24%. ASELSAN’s web revenue additionally elevated by 42% in comparison with the identical interval of the earlier yr, reaching 5.4 billion Turkish liras. The firm’s income for the primary six months of the yr additionally grew by 67% in comparison with the identical interval final yr, reaching 18.1 billion Turkish liras.
The firm’s equity-to-asset ratio was recorded as 51%. ASELSAN’s CEO Ahmet Akyol, highlighted that the corporate continues its sustainable development.
Akyol emphasised that ASELSAN continued to put in writing new success tales within the first 6 months of the yr, stating, “We completed the first half of this year with a high profitability rate and success. In the first half of 2023, where we also signed new contracts, ASELSAN’s order backlog reached 8.4 billion dollars. In the first 6 months of 2023, we made payments of about 17.8 billion Turkish liras to our suppliers. We successfully completed the nationalization of 68 products in the first 6 months of the year. While leading in military technology in Türkiye, we increased the number of products nationalized in the last 5 years to 738. Thus, we ensured that a size exceeding 900 million dollars remains in our country.”
Akyol additionally talked about that they signed vital export contracts within the 6-month interval. He acknowledged that the optimistic influence of those contracts shall be seen within the upcoming intervals and added, “In the coming period, we aim to increase our exports, focus on high technology, and achieve a higher rate of localization.”
Source: www.anews.com.tr
