Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Akenerji Declines to Month Low on Wider-Than-Estimated Loss

Don't Miss Out —
Follow us on:

Feb. 29 (Bloomberg) -- Akenerji Elektrik Uretim AS (AKENR TI), the utility owned by CEZ AS and Akkok Group, fell to its lowest in almost a month after reporting its full-year loss that was bigger than analysts expected.

The shares dropped 0.9 percent to 2.2 liras at 4:43 p.m. in Istanbul, headed for the lowest close since Feb. 3.

The loss widened to 211 million liras ($121 million) last year from 26.4 million liras a year earlier, it said in a statement to the Istanbul Stock Exchange after the market closed yesterday. That was more than the 93.5 million liras average of 17 analyst estimates compiled by Bloomberg.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.