Altınay Defence Technologies announced its financial results for the first nine months of this year, including January-September.
According to Altınay’s financial data for the period of January 1-September 30, 2024, announced via the Public Disclosure Platform (KAP), the company achieved a turnover of 1.1 billion TL, and its net profit reached 212.5 million TL.
Stating that they have a position that designs, develops, produces and even exports technology, Altınay Defence Technologies General Manager Z. Burak Mercan reminded that they have taken part in national projects such as KAAN and Hürkuş. Mercan stated that with the public offering in May, their sphere of influence expanded in line with their vision of growth both in Turkiye and globally, which was reflected positively in the financial data.
Mercan said, “In terms of our EBITDA amount, we achieved a high success with an increase of approximately nine times compared to the previous period, reaching 517.7 million TL. “We managed to increase our net profit significantly compared to the same period of the previous year, to 212.5 million, and to the level of approximately 20 per cent.”
