Bagfas operates in the Nitrogenous fertilizers sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Bagfas with three other
manufacturers of fertilizers and agricultural chemicals in Europe:
sales of 229.23 million Bulgarian Levas [US$142.11 million]
(735.30 million Turkish Liras [US$85.93 million]
of which 65%
was Chemical Fertilizer), and
Spirou SA-"The House of Agriculture"
based in GREECE
(13.25 million Euros [US$16.07 million]
During the first
quarter of 2021, sales at Bagfas totalled
312.73 million Turkish Liras.
an increase of 2.4%
from the 305.39 million Turkish Liras in sales at the company during the first quarter of 2020.
There appears to be at least some degree of seasonality in the sales at Bagfas: during 8 of the previous 9
years, sales were highest during the first quarter.
The exception to this was during 2019, when the
third quarter was the best quarter, accounting for
28% of sales (during that same year, the
first quarter accounted for 27% of sales).
Bagfas reported sales of 1.04 billion Turkish Liras (US$121.21 million)
December of 2020.
increase of 18.9%
versus 2019, when the company's sales were 872.13 million Turkish Liras.
Sales of Sale of Acid saw an increase
that was more than double the company's growth rate: sales were up
515.8% in 2020, from
34.89 million Turkish Liras to 214.85 million Turkish Liras.
Not all segments of Bagfas experienced an increase in sales in 2020:
sales of Electricity fell 96.8% to 120,058.00 Turkish Liras.
(However, this segment's sales were only a very small portion of the company's overall sales).
Bagfas also experienced decreases in sales in
Other Foreign Income (down 11.8% to 279.60 million Turkish Liras)