Mermeren Kombinat recorded a significant increase in profits and turnover in the first half of the year, a trend that continues in the second half of the year. The main reason for this increase is the higher sales volume recorded in Asia.

According to BnB Daily, construction activity in Southeast Asia has stepped on the gas, breaking away from the recent stagnation. Meanwhile, although the China market has yet to catch the traffic it had in the past, it is also moving upwards. Recall that China is reeling from a crisis in the property market and real estate.

THE STRATEGY

In essence, the company's strategy of seeking alternative customers in other Asian countries in order to compensate for losses in other markets is being rewarded, as the moves made to increase shares have paid off. For this year, continuing the positive trend is a priority and management believes it is well positioned to face any challenges. In particular: it has a set of relationships with old and new customers, most of which are long-term; the majority of sales are on a cash basis; credit exposure to large customers is secured through various types of collateral, such as bank guarantees and cash deposits The company's large customers are not experiencing financial difficulties Overall, Mermeren is in a strong position and has sufficient equity and liquidity to service the operational activities; and
its debt.