Efor Tea Reports a Profit of 219,523,373 TL in the Third Quarter
Efor Tea, one of Turkey's highest quality tea producers, has shared its third quarter financial results with the public. According to the announcement made on the Public Disclosure Platform (KAP), the company completed the first nine months of 2024 with a net profit of 219,523,373 TL.
By reporting a net profit of 219,523,373 TL in the first nine months of 2024, Efor Tea once again showcased its strong position within the industry. The statement made to the Public Disclosure Platform (KAP) revealed that the total assets of the company reached 6,967,847,004 TL, while the equity stood at 3,585,771,144 TL. The company's net working capital was also recorded at 1,208,006,766 TL.
Efor Tea's Chairman, İbrahim Akkuş, assessed the company's performance in 2024, emphasizing that they continue to work hard in the third quarter. Akkuş stated, “As Efor Tea, we are achieving stable growth in financial and operational areas through our strategic steps and effective cost management. The net profit of 219.5 million TL we have attained is a reflection of this stability. In the upcoming period, we will continue to create added value for our country by sustaining the success we have achieved.”
About Efor Tea
Founded in 2014 in Istanbul, Efor Tea operates in fresh tea processing, dry tea production, and packaging of herb and fruit teas. The company collects the highest quality tea leaves from the Black Sea region in its modern production facilities covering an area of 49,000 m², and transforms these leaves into high-quality teas using traditional methods unique to Turkey in its hygienic and advanced technology-equipped facilities that meet EU standards. Thanks to its R&D efforts, it delivers products that offer strong brew, unique aromas, and high flavors to consumers throughout the year.
Among Efor Tea's facilities across Turkey are the plant in Trabzon Of, which has a daily processing capacity of 612 tons of fresh tea and 209 tons of packaging; the facility in Artvin Arhavi, with a daily processing capacity of 280 tons of fresh tea and 21 tons of packaging; the second facility in Artvin Arhavi, which can process 510 tons of fresh tea daily; and the facility in Tuzla, Istanbul, with a daily packaging capacity of 20 tons. The company continues its journey in the tea sector robustly by adding quality, innovative, and diverse products.