ANKARA

Turkey’s leading defense electronics firm Aselsan registered its highest first-half profit, hitting 1.8 billion Turkish lira ($285 million).

The company’s revenues in January-June totaled at 5.2 billion Turkish liras ($802 million), growing by 13% compared to same period last year, according to a statement the company sent to Public Disclosure Platform (KAP) on Tuesday.

The gross profit of the company also surged 38% year-on-year in the first six months of this year, while earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 35% to 1.3 billion Lira ($192 million).

Strong profitability of the defense giant continued to support its total equity growth, which surpassed 15 billion Turkish liras ($2.3 billion) in the January-June period.

Despite the pandemic, the company received $511 million worth of new orders in the first half of this year, it said.

Copyright 2021 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.