ARD Bilişim Teknolojileri A.Ş. (ARDYZ) published its second-quarter balance sheet for 2024 on September 6, 2024, on the Public Disclosure Platform (KAP). ARD Bilişim demonstrated impressive financial performance in this quarter.
ARD Bilişim Second Quarter Financial Results
ARD Bilişim reported a net profit of 61,683,042 TL for the second quarter of 2024. Integral Investment Securities evaluated ARD Bilişim’s second-quarter financial results. According to Integral Investment’s analysis, the company’s 38% increase in net sales during the second quarter positively impacted its financial results. Despite an increase in operational expenses, the company achieved a net operating profit compared to the previous year.
Comment on ARD Bilişim from Integral Investment
The report from Integral Investment noted that ARD Bilişim’s cash reserves increased by 125.6 million TL compared to the end of 2023, reaching 135.3 million TL. The company generated a cash inflow of 216.6 million TL from operating activities, while there was a cash outflow of 189.8 million TL from investment activities. Additionally, financing activities resulted in a cash inflow of 98.9 million TL. The report also stated that there were no issues with ARD Bilişim’s debt ratios.
In conclusion, ARD Bilişim achieved strong financial results in the second quarter of 2024. The company’s performance in the upcoming periods will be closely monitored by investors.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
