Published On: Sun, Aug 18th, 2019

Turkey’s Aselsan achieves net profit of  over TL 1 billion 332 million in first half 2019

Turkey’s Aselsan achieves net profit of  over TL 1 billion 332 million in first half 2019

The financial statements of the company for the period 1 January – 30 June 2019 were circulated on the Public Disclosure Platform (KAP). Accordingly, Aselsan’s consolidated net profit which was TL 941 million 797 thousand in the first half of last year rose to TL 1 billion 332 million 948 thousand in the same period of this year.

The company’s consolidated net profit in the second quarter of this year reached TL 703 million 652 thousand. In the same period last year, the figure was TL 590 million 436 thousand.

ASELSAN which was established in 1975 in order to meet the communication needs of the Turkish Armed Forces is known as the largest defense electronics company of Turkey whose capability/product portfolio comprises many areas and items such as communication and information technologies, radar and electronic warfare, electro-optics, avionics, unmanned systems, land, naval and weapon systems, air defence and missile systems, command and control systems, transportation, security, traffic, automation and medical systems.

In time the company has also started contributing to foreign revenues of the country by exporting to international markets. Apparently Aselsan is one of the most important companies for Turkey.

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