Kalekim Posts Nearly 300% Growth in First Half

Kalekim released its first-half 2021 financial results. Despite rising costs, Kalekim increased sales across all product groups, with net income for the first six months of the year showing a 297.4% increase compared to the same period of the previous year. Kalekim's net income, which stood at TRY 17.4 million in the first half of 2020, reached TRY 51.7 million in the first six months of 2021. During this period, Kalekim achieved significant success by increasing domestic sales by 58.3% and export sales by 78.1% compared to the same period of the previous year. Kalekim, which ranks among the important global players in the construction chemicals sector with its broad product range, announced its first-half 2021 financial results on 10 August 2021 on the Public Disclosure Platform (KAP). Following the KAP announcement, Kale Holding Chief Financial Officer Haluk Alperat, Kalekim General Manager Timur Karaoğlu and Kalekim Finance Manager Özgün Özmen met with investors and analysts in an online meeting to discuss the company's performance in the first six months of the year.   Haluk Alperat, Chief Financial Officer of Kale Holding, recalled that Kalekim conducted a successful initial public offering in May 2021: "Kalekim is the leader in its sector and a very important asset for our country in this field. This value continues to grow and strengthen by adding new achievements every day in both national and international markets. The financial figures we reached in the first period of 2021 clearly demonstrate this. Kalekim, which leads its sector and brings its products to consumers and professionals in approximately 80 countries both domestically and internationally, increased its net income for the first six months of the year by approximately 300% compared to the same period of the previous year, reaching approximately TRY 51.7 million. These figures achieved during this difficult period we have gone through due to the pandemic represent a very important success for our sector. We are experiencing the pride and satisfaction of this financial success we have achieved." he said.   Kalekim General Manager Timur Karaoğlu stated: "We believe in ourselves and are confident in Kalekim's potential. Despite the cost increases caused by the pandemic and disruptions in the supply chain, we managed to significantly increase our sales across all our product groups in the first period of the year compared to the same period of the previous year. In domestic sales, we achieved a 63.5% increase in ceramic applications, 34.4% in paints and plasters, 53.1% in waterproofing products and 62.3% in other products, totaling a 58.3% increase. Additionally, we achieved a 78.1% increase in our export sales compared to the same period of the previous year. Among our foreign markets, we increased our exports to Iraq, which ranks first, by 118%, and to France, which ranks second, by 137%. We also continue our domestic and international investments. Most recently, with the Mardin Concentrate Investment, we took a step to support export sales. The state credit support for our affiliate Sarl Ha Building in Algeria was approved. Today, stronger than yesterday, we continue to move towards great goals." he said. To access Kalekim's first-half financial reports, you can visit the Financial Information section under Investor Relations at www.kalekim.com.