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Turkey

Turkey's Ozbal Celik, Ufuk Boru win $12.7 mln pipe supply deal from Botas

Dec 17, 2014, 2:44:28 PMArticle by Yurkie Ali
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ISTANBUL (Turkey), December 17 (SeeNews) –Turkish steel pipe maker Ozbal Celik Boru Sanayi Ticaret ve Taahhut [BIST:OZBAL] said it has won a $12.7 million (10.2 million euro) contract for pipe supply as part of a consortium with local peer Ufuk Boru Sanayi ve Tic.

Turkey's Ozbal Celik, Ufuk Boru win $12.7 mln pipe supply deal from Botas

The partners won the deal in a tender called by Turkish state-owned oil and gas distributor Boru Hatlari Ile Petrol Tasima (Botas), Ozbal Celik said in a bourse filing on Tuesday.

Ozbal Celik’s cut from the deal amounts to 6.2 million lira, corresponding to its 49% stake in the consortium.

Ozbal Celik’s revenue rose 25.7% to 127 million Turkish lira in 2013, however its net loss expanded to 12.8 million lira from 6.0 million lira a year earlier.

($ = 0.802 euro)

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