Business · Companies · 7 hrs ago
Çimsa’s third-quarter profit beats market expectations
Turkish cement maker Çimsa reported third-quarter net profit of 1.77 billion lira, beating market expectations by 3.5%.
Its revenue was 14.92 billion lira, close to forecasts and up 2.3% from a year earlier after adjusting for inflation.
Overseas sales grew while domestic sales fell: international sales revenue rose 15%, while revenue from Turkey dropped 20%.
Overseas sales made up 69% of gross revenue, up from 61% a year earlier, helped by higher white cement sales and a US grinding plant.
Operating profit weakened slightly, with earnings before interest, tax, depreciation and amortisation down 1.7% and its margin falling to 20.3%, partly because of higher energy costs.
Lower financing and tax expenses helped lift net profit, while a one-time gain from selling a ready-mix concrete plant was largely offset by a loss linked to Sabancı Holding shares; nine-month net profit rose 30% to 3.9 billion lira.
Çimsa reported third-quarter 2026 net profit of 1.77 billion Turkish lira, 3.5% above market expectations.
Net profit was 8% higher than in the same quarter a year earlier.
Revenue reached 14.92 billion lira, broadly in line with the 14.93 billion-lira market forecast.
Earnings before interest, taxes, depreciation and amortisation were 3.0 billion lira, in line with expectations but down 1.7% year on year.
Lower financing and tax expenses contributed to the net profit result, while a one-off gain from selling a ready-mixed concrete plant also had an effect.
- Who
- Çimsa Çimento Sanayi ve Ticaret A.Ş., a cement company.
- What
- It reported third-quarter net profit of 1.77 billion Turkish lira, beating the 1.71 billion-lira market expectation.
- When
- The third quarter of 2026. Bloomberg HT published the report on October 26, 2026.
- Where
- Not stated
- Why
- Lower financing and tax expenses contributed to profit, as did a one-off gain from a ready-mixed concrete plant sale.
This story does not have two clearly opposing sides.
Çimsa recorded net profit of 1.77 billion lira, above the market expectation of 1.71 billion lira.
Bloomberg HT published its report on the results.
- Third-quarter net profit
- 1.77 billion Turkish lira
- Market net profit expectation
- 1.71 billion Turkish lira
- Third-quarter revenue
- 14.92 billion Turkish lira
- Third-quarter EBITDA
- 3.0 billion Turkish lira
- One-off plant-sale income
- 470 million Turkish lira