{"id":35780,"date":"2015-03-09T16:58:52","date_gmt":"2015-03-09T13:58:52","guid":{"rendered":"https:\/\/katmerciler.com.tr\/?p=35780"},"modified":"2024-04-15T17:02:45","modified_gmt":"2024-04-15T14:02:45","slug":"katmerciler-moved-to-try-9-2-million-profit-from-try-7-9-million-loss","status":"publish","type":"post","link":"https:\/\/katmerciler.com.tr\/en\/katmerciler-moved-to-try-9-2-million-profit-from-try-7-9-million-loss\/","title":{"rendered":"Katmerciler moved to TRY 9.2 million profit from TRY 7.9 million loss"},"content":{"rendered":"<!-- Added by Post\/Page Specific Custom Code plugin, thank you for using! -->\n<style>div#mob-footerred .elementor-heading-title.elementor-size-default {\r\n    font-size: 18px;\r\n    margin-top: 18px;\r\n}<\/style>\n\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"35780\" class=\"elementor elementor-35780\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"wd-negative-gap elementor-element elementor-element-36df39b e-flex e-con-boxed e-con e-parent\" data-id=\"36df39b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4becfeb color-scheme-inherit text-left elementor-widget elementor-widget-text-editor\" data-id=\"4becfeb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"BasinBulteniDetay\"><p><strong>According to the recently publicised year 2014 financial results, Katmerciler increased its revenue by 16 percent to TRY 170 million, thus managing to move from loss to profit in a single year. The company also achieved very rapid developments in regard of financial debts and exchange position deficit.<\/strong><\/p><p><strong>Continuing and increasing its export performance up to USD 50 million, Katmerciler also took important steps toward claiming a place in defence industry with armoured personnel carriers. Year 2015 growth target of the company is minimum 25 percent.<\/strong><\/p><p>As the leader and only stock market representative of vehicle mounted equipment sector in Turkey, Katmerciler Ara\u00e7 \u00dcst\u00fc Ekipman (KATMR) Company has recently publicised its year 2014 financial results. Despite closing year 2013 with a loss of TRY 7.9 million, the company has realised a great leap and closed year 2014 with a profit of TRY 9.2 million.<br \/>Increasing its revenues by 16 percent, from TRY 146 million to TRY 170 million, Katmerciler also increased its equity capital by 40 percent, up to the level of TRY 43 million.<br \/>The rapid improvement in exchange position deficit and total financial debt are among the most remarkable points in year 2014 financial results of Katmerciler. The company has decreased its financial debt from TRY 141 million in 2013 to TRY net TRY 86 million in a period of one year. Meanwhile, exchange position deficit has dropped from TRY 84 million to TRY 28 million in the same one year period.<br \/>On the other hand, Katmerciler maintained its position as the export leader of its sector with a large margin again in 2014. In comparison to the USD 49.6 million in export volume, the company has achieved TRY 50.1 million in export revenue in 2014. Share of export revenue in total revenues of the company was realised at 65 percent.<\/p><p><strong>Mehmet Katmerci: \u201cWe announced a strong balance, moving from loss to profit.\u201d<\/strong><\/p><p>In his assessment of year 2014 financial results\u00a0<strong>Mehmet Katmerci, Chief Executive Officer of Katmerciler<\/strong>, remarked that in comparison to year 2013 the company has achieved a rapid improvement and moved from loss to profit in year 2014, and went on to add \u201cIn year 2014 we announced a balance which is healthy and strong in all aspects. We completely removed the negative outlook we experienced in year 2013 due to the exchange position deficit. We carried all points with a negative outlook to a positive point. In 2015 we will maintain and increase this performance.\u201d<br \/>Pointing out that they have achieved an increase of 16 percent in company revenues and an increase of 40 percent in equity capital, Katmerci went on to explain as follows:<br \/>\u201cWe did not just make profit. At least as significantly as that, we achieved a rapid improvement in exchange position deficit and financial debts. We decreased our exchange position deficit from TRY 84 million to TRY 28 million, while our total financial debt has been decreased from TRY 141 million to net TRY 84 million. In addition, our outstanding receivables figure of TRY 91 million as of the end of year 2013 was pulled to TRY 63 million as of the end of year 2014. All these structural improvements and developments we achieved will also reflect on the yearend balance of year 2015. When we take current orders, ongoing jobs and market balance into account, we can see that year 2015 will be much better than year 2014. The high added value products whose orders were taken in 2014 will be delivered and their income will be reflected in accounts in year 2015, supporting us in our ongoing efforts to improve and develop a healthy financial structure, enabling us to declare a better, stronger and more profitable balance in comparison to year 2014.\u201d<\/p><p><strong>\u201cOur short term target is to claim a place in defence industry with armoured personnel carriers\u201d<\/strong><\/p><p>Remarking that they feel the comfort of having fulfilled their promises to their investors in 2014 as the only publicly traded stock company in its sector, Katmerci went on to talk about their plans and targets for the upcoming period as follows:<br \/>\u201cOur capability of manufacturing 30 different types of vehicle under the same umbrella, our wide product range and our strong export capacity covering 44 countries will enable us to maintain and strengthen our leading position in our sector in 2015. We have especially achieved significant progress in our efforts to develop products for defence industry in which we aim to claim a place with armoured personnel carriers. We hope to deliver good news on this front very soon. Our aim is to achieve a minimum growth of 25 percent in year 2015, continuing our healthy and profitable development.\u201d<\/p><div><p align=\"center\"><strong>COMPARATIVE FINANCIAL PERFORMANCE SUMMARY OF KATMERC\u0130LER<\/strong><br \/><strong>(2013-2014)\u00a0<\/strong><\/p><\/div><table border=\"1\" width=\"595\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\"><tbody><tr><td width=\"255\"><p><strong>(thousand TRY)<\/strong><\/p><\/td><td width=\"170\"><p align=\"right\"><strong>2013<\/strong><\/p><\/td><td width=\"170\"><p align=\"right\"><strong>2014<\/strong><\/p><\/td><\/tr><tr><td width=\"255\"><p>Sales Revenue<\/p><\/td><td width=\"170\"><p align=\"right\">146,424<\/p><\/td><td width=\"170\"><p align=\"right\">169,794<\/p><\/td><\/tr><tr><td width=\"255\"><p>Net Profit\/Loss<\/p><\/td><td width=\"170\"><p align=\"right\">(7,923)<\/p><\/td><td width=\"170\"><p align=\"right\">9,174<\/p><\/td><\/tr><tr><td width=\"255\"><p>Equity Capital<\/p><\/td><td width=\"170\"><p align=\"right\">30,863<\/p><\/td><td width=\"170\"><p align=\"right\">43,362<\/p><\/td><\/tr><tr><td width=\"255\"><p>Total Assets<\/p><\/td><td width=\"170\"><p align=\"right\">236,895<\/p><\/td><td width=\"170\"><p align=\"right\">212,095<\/p><\/td><\/tr><tr><td width=\"255\"><p>Export (thousand USD)<\/p><\/td><td width=\"170\"><p align=\"right\">49,604<\/p><\/td><td width=\"170\"><p align=\"right\">50,192<\/p><\/td><\/tr><tr><td width=\"255\"><p>Exchange Position Deficit<\/p><\/td><td width=\"170\"><p align=\"right\">84,149<\/p><\/td><td width=\"170\"><p align=\"right\">28,532<\/p><\/td><\/tr><tr><td width=\"255\"><p>Financial Debt<\/p><\/td><td width=\"170\"><p align=\"right\">141,391<\/p><\/td><td width=\"170\"><p align=\"right\">86,335<\/p><\/td><\/tr><tr><td width=\"255\"><p>Paid Capital<\/p><\/td><td width=\"170\"><p align=\"right\">25,000<\/p><\/td><td width=\"170\"><p align=\"right\">25,000<\/p><\/td><\/tr><\/tbody><\/table><div>\u00a0<\/div><p align=\"center\"><strong>For Detailed Information and Contact\u00a0<\/strong>\/<strong>\u00a0<\/strong>CC \u0130leti\u015fim<br \/>Cengiz Cemri \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <a href=\"tel:+905326020422\">+90 532 602 04 22<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0 <a href=\"mailto:cengizcemri@cciletisim.com\">cengizcemri@cciletisim.com<\/a><br \/>Cemma Y\u0131ld\u0131r\u0131m\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <a href=\"tel:+905333660997\">+90 533 366 09 97\u00a0<\/a>\u00a0\u00a0\u00a0\u00a0 <a href=\"mailto:cemma@cciletisim.com\">cemma@cciletisim.com<\/a><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>According to the recently publicised year 2014 financial results, Katmerciler increased its revenue by 16 percent to TRY 170 million, thus managing to move from loss to profit in a single year. The company also achieved very rapid developmen&#8230;<\/p>\n","protected":false},"author":1,"featured_media":35782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-35780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-press-releases"],"acf":[],"_links":{"self":[{"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/posts\/35780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/comments?post=35780"}],"version-history":[{"count":0,"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/posts\/35780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/media\/35782"}],"wp:attachment":[{"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/media?parent=35780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/categories?post=35780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/katmerciler.com.tr\/en\/wp-json\/wp\/v2\/tags?post=35780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}