GÜBRETAŞ announced its financial results for the first half of 2021 on KAP.

GÜBRETAŞ, which effectively managed the negativities arising from the pandemic, continued all its operations, especially production, without interruption. GÜBRETAŞ, which closely follows the world markets in terms of fertilizer supply in order to continue agricultural production without interruption, managed to reflect its predictions regarding the developments in raw material and commodity movements on its performance.
GÜBRETAŞ announced its balance sheet regarding its activities in the first six months of this year on the Public Disclosure Platform (KAP). GÜBRETAŞ, which successfully maintains its leading role in the sector with its products and services aimed at increasing productivity in agriculture, continued its operational and financial rise as of the first half of the year. The success of GÜBRETAŞ's operational activities carried out during the epidemic, which continues its uninterrupted support to producers for the continuity of agricultural production, was positively reflected in the second quarter financial results.
In its Turkey operations, GÜBRETAŞ produced 394 thousand 725 tons of solid fertilizer and 35 thousand 285 tons of liquid and powder fertilizer in various compositions in the first six months of the year. There was a 42 percent increase in total production compared to the same period last year. While there was a 12 percent increase in solid fertilizer sales compared to the same period last year, the amount of liquid and powder fertilizer sales increased by 27 percent.
As a result, the total net sales amount in GÜBRETAŞ's activities in Turkey was 3 billion 385 million TL, while the consolidated net sales revenue, with the contribution of its subsidiaries, reached 3 billion 850 million TL, an increase of 43 percent compared to the same period of the previous year.
As of June 30, the company's consolidated net profit for the parent company was 258 million TL. GÜBRETAŞ General Manager İbrahim Yumaklı's evaluation of the balance sheet was as follows.

“We worked with the awareness of responsibility required by our market share”

“We are still struggling with the Covid-19 epidemic that has affected the whole world. Many sectors and businesses continue to face a serious test in the shadow of the global epidemic. As GÜBRETAŞ, thanks to our operational excellence efforts that we have carried out with our nearly 70 years of corporate experience, we have provided uninterrupted service to our producers in the agricultural sector in terms of fertilizer supply during this difficult period.

We followed the developments in raw material and commodity movements by following the world markets closely. We worked with the awareness of responsibility required by our market share. By providing an advantage in product availability, we did not leave our producers without fertilizer. All these efforts had a positive impact on profitability. "With the balance sheet we have achieved, a result has emerged that satisfies our financial stakeholders."

General Manager Yumaklı stated that the success momentum achieved in the second half of the year will be maintained and that work will continue in line with the 2021 year-end budget targets and said, “We will continue to produce and invest in our investment projects with the confidence we have in the Turkish economy. In the first six months of this year, we realized the highest tonnage of compound fertilizer production in the history of GÜBRETAŞ, reaping the fruits of operational excellence and continuous improvement efforts. We have completed the first phase of the port expansion project at Yarımca Facilities. In addition, zero waste practice was initiated at Yarımca Facilities to ensure waste management, prevent waste and use resources more efficiently. We installed solar panels on the roof of our warehouses in Iskenderun and turned them into a facility that produces its own energy. Our other infrastructure investments continue without slowing down. As part of our R&D activities, we also completed and commissioned our microbiology laboratory for new generation fertilizers. "As Gübretaş, we will continue our work with dedication to add value to agricultural production in every corner of Turkey," he said.

Stating that the strategic importance of agricultural production has increased as the effects of climate change are felt more on a global scale, General Manager İbrahim Yumaklı said, “We will continue to support our farmers who produce for our country with all their efforts and add value to these lands with their labor. "We would like to take this opportunity to express our gratitude to our farmers who continue to produce without taking a step back during the difficult period, and we hope that the autumn planting season will be productive, fruitful and healthy."