Value-Adding Social Responsibility Projects f... As the SOCAR Türkiye Volunteers platform, which we established with the voluntary participation of nearly 500 employees to support the community...
As the SOCAR Türkiye Volunteers platform, which we established with the voluntary participation of nearly 500 employees to support the community...
At SOCAR Türkiye, we believe in the possibility of a sustainable future. We are committed to minimizing the environmental impact of our ope...
“Crude oil refers to the liquid hydrocarbons that are formed within the Earth through the transformation of organic matter and stored with...
The term "nanotechnology" first introduced by American physicist Richard Feynman in his 1959 speech titled "There's Plenty of Room at the Bottom...
We stepping stepping into a whole new era with technological advancements in the business world: productive artificial intelligence (generative ...
As technology advances rapidly, industries are undergoing substantial and transformative shifts. A fresh epoch is unfolding in the domain of ind...
The fast-paced progression of digital and intelligent technologies has brought numerous advancements seamlessly integrated into our daily routin...
Petrochemicals are synthetic materials derived from petroleum and natural gas. This definition may not mean much to you. Still, petrochemicals a...
The most important concepts that have come into our lives with digital transformation are unquestionably artificial intelligence and machine lea...
Toothbrushes, grocery bags, food packaging, computers, clothes, or furniture. Did you know that many products we use daily come from a common in...
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Despite the ongoing unfavorable conditions in the global petrochemical industry, Petkim maintained its strong balance sheet and improved its performance thanks to the measures taken by the management.
Petkim, one of the group companies of SOCAR Türkiye, Türkiye's largest integrated industrial group, announced its third quarter financial results. Petkim achieved net sales revenues of TL 13.2 billion in the third quarter and net profit of TL 2.3 billion for the third quarter.
Although the global contraction in the petrochemical industry continued in the third quarter, Petkim significantly increased its performance compared to the previous quarter thanks to the management's cost-cutting and productivity-enhancing initiatives. Increasing its net profit by 961 percent compared to the second quarter, Petkim also increased its net sales by 24 percent.
On the other hand, in this period, Petkim was included in the BIST Sustainability 25 Index, which includes leading companies with high sustainability performance traded on the Borsa Istanbul, thanks to the steps taken within the scope of sustainability.
KEY INDICATORS
2023 Q3
2023 Q2
Change
Difference
2023-Q3 vs 2023-Q2
Net Sales (million TL)
13.189
10.612
24%
2.577
Gross Profit (million TL)
3.744
2.627
27%
1.117
Gross Profit Margin (%)
13%
%3,6
13,2
Net Profit (TL million)
2.346
221
961%
2.125
Net Profit Margin (%)
18%
%2,1
16,6
EBITDA (TL million)
1.566
196
699%
1.370
EBITDA Margin (%)
12%
%1,8
9,5
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