According to 2012 first quarter financial results declared by Katmerciler, the company increased its net profit by 47 percent with a 146 percent growth rate compared to the same period of the previous year. Export of the Company has increased by 280 percent.
Mehmet Katmerci, Chairman of the Board and General Director of Katmerciler, remarked that the company has presented a very successful performance in the first quarter and added “We achieve results above our target. We are focusing on a healthy, strong and profitable growth.”
As the leader and single representative in stock market of vehicle mounted equipment sector, Katmerciler (KATMR), declared its financial results for first quarter of 2012. Having left a very successful period behind, the company achieved very high increases in important figures like profitability, growth and export compared to the same period of the previous year.
Having obtained TRY 13 million in revenue in the first quarter of the previous year, Katmerciler reached TRY 32 million in the same period of 2012 with an increase of 146 percent. Having increased its net profit by 47 percent in the same period, the company’s net profit for this period increased from TRY 2 million to TRY 2 million and 946 thousand.
Placing export in the focus of growth target and increasing their international activities, Katmerciler’s rapid performance increase in export also reflected on the financial results of the first quarter. As the undisputed export leader of its sector, Katmerciler increased its export revenue by 280 percent in the first quarter, increasing the export income figure of January-March period from previous year’s USD 4 million to USD 15 million 300 thousand in the same period of this year. The share of export revenue in total income was 87 percent. Having export transactions with 41 countries, total export revenue of Katmerciler was USD 32 million in year 2011.
In the same period Katmerciler increased its assets total to TRY 121 million and its equity capital to TRY 33 million 442 thousand by a 12 percent growth.
Katmerci: We are focusing on a healthy, strong and profitable growth
In his statement on 2012 first quarter results, Mehmet Katmerci, Chairman of the Board and General Director of Katmerciler, remarked that they have left a very successful period behind, and added “We achieved important developments in all balance items. The increase in fundamental figures like growth, profitability and export is especially pleasing. We achieved results above our target. As public company with thousands of investors we are very happy with the results. Our current aim is to extend this level of performance to the entire year, consolidating our strong position in the sector and further increasing the value we generate for our investors.”
Katmerci pointed out that the effective growth rate of 38 percent exceeds the 25 percent growth target estimated for year and added, “Our annual growth rate has been over 35 percent for many years now. We are trying to achieve a similar performance regarding our 2012 growth target of 25 percent. However, we are not only focusing on growth, but also profitability, and we aim to crown our healthy and strong growth trend with an increase in profitability.” Katmerci continued to say:
“We exceeded our targets in first quarter of 2012. The 280 percent increase in export activities in which we place strategic importance is the biggest indicator that we are on the right track to achieve our objective of making Katmerciler into an internationally active and known brand. This export performance further bolsters our motivation and self-confidence. Our export performance will further increase with support of GimKat Vehicle Mounted Equipment Company, our joint venture with our French partner Gimaex International.”