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Kalekim’s net profit for the period increased by 186 percent in the first 9 months

Kalekim, the Turkish construction chemicals brand, announced its financial results for the third quarter of 2022, with the statement it made to the Public Disclosure Platform (KAP). Accordingly, Kalekim’s net profit for the period in the first nine months of the year increased by 186 percent compared to the same period of the previous year. With this increase, the company’s net profit for the period, which was 95.9 million TL in the first nine months of 2021, reached 274 million TL in the same period of 2022.
Evaluating the results of the first nine months, Kale Holding CFO Haluk Alperat said: “Despite the pandemic, global recession concerns, war and energy crisis, it continued its financial success in the first two quarters of 2022 in the third quarter, revealing its strength and potential once again. put it. Undoubtedly, we have seen the very important contributions of our investments and collaborations towards the end of last year and at the beginning of this year in this success. Kalekim Lyksor Kimya A.Ş, which continues its domestic and international activities with success, broke a production record in September and achieved an important success. We anticipate that both our additional line investment in Mardin and Kalekim Lyksor Kimya A.Ş, the strong company in the sector, of which we purchased 75 percent, will make much more significant contributions to us, especially in terms of turnover.” Stating that they continued to take important steps in terms of new investments and cooperation in this period as well, Alperat said that the establishment of Kalekim Romania SA, which they established with a 50 percent partnership with a local partner in Romania in line with their current business model, was registered in September. Noting that they decided to open a branch in the city of Duhok in order to contribute to our activities in Iraq, which is the biggest export market, in September, Alperat said, “Kalekim Romania SA, which will carry out sales and marketing in the fields of activity of our company, especially construction chemicals, paint and plaster, and We believe that our Duhok Iraq Branch will make a very important contribution to our activities in both Eastern Europe and the Middle East.” said.

“We continue our success in the third quarter as well”

Kalekim General Manager Timur Karaoğlu, emphasizing that Kalekim continues to take firm steps towards its goals in 2022, as it did last year, said: “As Kalekim, we continue our successful start to 2022 in the third quarter as well. In the first nine months of the year, we increased our net profit for the period by 186 percent compared to the same period of the previous year. With this increase, our net profit for the period, which was 95.9 million TL in the first nine months of 2021, reached 274 million TL in the same period of 2022. By increasing our domestic sales by 149 percent and our international sales by 183 percent compared to the same period of the previous year, we achieved an important success in international markets as well as in the national market. In addition to all these, our net sales in the first nine months of the year increased by 160 percent to reach 1.4 billion TL. In the same period, our gross profit margin, which was 36.8 percent, decreased by approximately 100 basis points. This decline was mainly due to the volumetric contraction experienced in the last quarter in the domestic market and the slowing growth in international markets. However, with the efficiency achieved in operational expenses and the contribution of Kalekim Lyksor Kimya A.Ş, we achieved an improvement of 220 basis points in our EBITDA margin, which was 21.7 percent in the first nine months of the year. Thus, we maintained our financial success with our performance. The figures we have reached clearly reveal Kalekim’s power and potential in the sector.”

Anton Kovačić Administrator

A professional writer by day, a tech-nerd by night, with a love for all things money.

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