Koza Altin Gains After First-Quarter Profit in Tax Filing
Koza Altin Isletmeleri AS (KOZAL), a Turkish gold miner, climbed after saying first-quarter profit was 216.7 million liras ($120 million) in a filing for tax purposes only to the Istanbul Stock Exchange today.
Koza Altin rose 1.8 percent to 33.90 liras at the close in Istanbul, the highest level since May 3.
Profit statements for tax purposes in Turkey are not necessarily indicative of a company’s full earnings, which comply with international accounting rules and are due to be reported later this month.
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