Aygaz, Dogan Yayin, Koc, Turkish Air: Turkey Equity Preview
Stock Chart for Aygaz AS (AYGAZ)
The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.
Turkey’s benchmark ISE National 100 index (XU100) rose 891.79, or 1.4 percent, to 66,535.13 yesterday.
Aygaz AS (AYGAZ) : The Turkish distributor of liquefied petroleum gas# said first-quarter net income jumped almost five- fold to 245.4 million liras ($156 million) from 50.1 million liras in the same period of 2010, according to a statement to the Istanbul Stock Exchange after the market closed yesterday. The company was expected to earn 97.2 million liras, according to the average of five analyst estimates compiled by Bloomberg. Aygaz fell 10 kurus, or 0.9 percent, to 11.45 liras.
Dogan Yayin Holding AS (DYHOL) : Turkey’s biggest media group’s first-quarter loss widened to 336.8 million liras from 49.9 million liras a year earlier, the company said in a statement to the bourse today. Dogan Yayin gained 4 kurus, or 2.6 percent, to 1.61 liras.
Koc Holding AS (KCHOL) : Turkey’s biggest group of companies said first-quarter net income jumped to 597.2 million liras from 358.8 million liras in the same period of 2010, according to a statement to the bourse today. Koc advanced 24 kurus, or 3.1 percent, to 7.88 liras.
Turk Hava Yollari (THYAO) AO: The national carrier known as Turkish Airlines reported a first-quarter loss of 332.3 million liras, compared with a net income of 119.6 million liras in the same period of 2010, in a statement to the bourse after the close yesterday. THY, as the company is known, was expected to report a loss of 138.5 million liras, according to the average of four analyst estimates compiled by Bloomberg. THY gained 9 kurus, or 2 percent, to 4.58 liras.
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