Kardemir Posts TL 5.98 Billion Net Profit in First Half

Kardemir has released its financial results for the first half of 2026, reporting a net profit of TL 5.98 billion. This marks a significant turnaround from the net loss of TL 335.8 million recorded in the same period last year. The company's return to profitability was driven by stronger operational performance and improved cost management. The reported figures indicate that increased sales revenues and recovering profit margins positively impacted net profit during the period. These robust financial results are attributed to a normalization of demand conditions in the steel sector and enhanced production efficiency. Management has expressed expectations for the continuation of this positive trend in the second half of the year. For investors, this balance sheet highlights the strengthening of the company's financial structure. However, market volatility and fluctuations in raw material prices remain factors that could influence future performance. This is not investment advice.

📊 KRDMD — Piyasa Yorumu

▲ up · 60%

Kardemir's net profit of TRY 5.98 billion in the first half indicates strong profitability performance and could create a positive perception on the stock. On the technical indicators, RSI at 53 is in neutral territory, and MACD, although slightly below the signal line, remains in positive territory, suggesting potential upward momentum in the short term. The price is trading above the 20-day and 50-day moving averages, indicating solid support levels. However, the 0.67% decline in the last close and uncertainties in overall market conditions warrant caution against excessive optimism. In the short term, an upward movement driven by the profit news is possible, but there is also the likelihood of encountering strong resistance.

RSI 14

53.4

MACD

0.19

24h Δ

-0.67%

📊 KRDMA — Piyasa Yorumu

▲ up · 60%

Kardemir's net profit of TRY 5.98 billion in the first half indicates strong profitability performance and may create a positive perception for the stock. Technical indicators also support this outlook; RSI is in the neutral-positive zone around 57, MACD is above the signal line, and the price is above both the 20-day and 50-day moving averages. This suggests that the upward trend may continue in the short term. However, given the low rate of change in the latest closing and potential market-wide uncertainties, cautious optimism is appropriate. A positive move at tomorrow's opening may be seen due to the news, but monitoring volume and overall market conditions is necessary to expect a strong rally.

RSI 14

57.0

MACD

0.29

24h Δ

0.57%

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