Anadolu Hayat Jumps Most in 2 Months as Profit Beats Estimates
Anadolu Hayat Emeklilik AS (ANHYT), Turkey’s biggest private pensions company, jumped the most in more than two months after first-quarter profit rose 57 percent, beating estimates.
The shares gained 3.5 percent to 4.17 liras at the close in Istanbul, the biggest increase since Feb. 16.
Net income rose to 21.3 million liras ($12 million) from 13.6 million liras in the first quarter of 2011, Anadolu Hayat said in a statement to the Istanbul Stock Exchange today.
The company was expected to earn 19 million liras, according to the average of three analyst estimates compiled by Bloomberg.
To contact the reporter on this story: Benjamin Harvey in Istanbul at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org