Limak Çimento (LMKDC) published its second-quarter financial statement for 2024 on September 19, 2024, through the Public Disclosure Platform (KAP). The company reported a net profit of 382,576,224 TL for the quarter.
Limak Çimento Q2 Financial Results
Following the earnings report, Limak Doğu Anadolu Çimento Sanayi ve Ticaret A.Ş.’s stock news was analyzed by Integral Investment Securities A.Ş. According to Integral Investment’s commentary on Limak Çimento’s financial statement, Limak Doğu Anadolu Çimento announced a net profit of 382 million TL attributable to its parent company for the second quarter. This represents a 27% decline compared to the same period in 2023, while revenue increased by 5% year-over-year.
Limak Çimento Holds Potential in Earthquake Zone
Integral Investment noted that Limak Çimento continues to hold potential as one of the companies closest to the earthquake-affected area. The company’s operational activities and its feature of having net cash were seen positively. Integral Investment stated that the quarterly financial results of this newly publicly traded company will be closely monitored.
Limak Çimento’s financial results for the second quarter of 2024 provide significant data to assess the company’s performance and future outlook. Investors will closely follow the company’s operations in the earthquake zone and its upcoming strategic plans.
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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.
