Business

ASELSAN’s first-quarter turnover reached ₺4.4 billion

ASELSAN’s 3-month turnover increased by 38% compared to the same period of the previous year and reached ₺4.4 billion.

ASELSAN made a written statement regarding the first-quarter financial results of this year.

Continuing its sustainable growth with its investments, ASELSAN’s 3-month turnover has grown by 38% compared to the same period of the previous year and reached ₺4.4 billion.

While ASELSAN’s Profit Before Interest, Depreciation and Taxes (EBITDA) was ₺1 billion, its net profit increased by 36% compared to the same period of the previous year and reached ₺1.7 billion. The company continued to maintain its strong equity structure and the ratio of equity to assets was 56%.

“We have not forgotten to fulfill our responsibility to our country”

ASELSAN Chairman of the Board and General Manager Prof. Dr. Haluk Gorgun, regarding the first-quarter financial results, said, “While we put our advanced technologies at the service of the world, we have not forgotten to fulfill our responsibility to our country. We left behind another quarter in which we continued to contribute to our economy. As of the end of the first quarter of 2022, our company’s balance orders amounted to $8.3 billion.”

Gorgun pointed out that in the next 20 years, human life will undergo a transformation similar to the one that has undergone with the information revolution in the last 20-25 years, and made the following assessment:

“ASELSAN continues its activities in civilian areas on this path that our nation and engineers set out with the vision of independence. Our ARIN X-Ray Baggage Control Devices, which were developed with national resources, were delivered to Tokat Airport to be used under the responsibility of the General Directorate of State Airports Administration, after Gaziantep. We continue to develop and develop with our projects that are growing day by day, and we will continue to do so.”

Stating that they are aware of the importance of working towards the financial needs of their suppliers, and that they signed the Supplier Finance System agreement with Anadolubank, they increased the number of banks they work with to 15, Gorgun emphasized that they made payments of nearly ₺5.3 billion to their suppliers in the first quarter.

The number of nationalized products in the last 3 years has exceeded 554

Gorgun pointed out that they successfully completed the nationalization of 47 products in this 3-month period, thus increasing the number of products nationalized in the last 3 years to over 554, ensuring that a size close to $243 million remained in the country.

Reminding that they participated in the Economy and Climate Change Summit and Fair (EKO KLİM), Gorgun said, “We manage the climate change risk, which may adversely affect not only ASELSAN, but also our entire value chain, with our high technology, human value and strong knowledge.”

Gorgun, underlining that they are the only company in the defense industry to receive an award from Turkey within the scope of the International Safety Awards, said, “We will continue to move forward with the same determination to work in the continuation of 2022 and transfer this to our financial results. I would like to thank all our stakeholders, especially our President and Presidency of Defense Industries.”

Source: Trthaber / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published.

Back to top button