Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sinpas Rises to 5-Month High on Forecast of 22% Sales Gain

Sinpas Gayrimenkul Yatirim Ortakligi AS, a Turkish real estate developer, rose to the highest in almost five months after the deputy chief executive said sales would rise 22 percent this year.

Sinpas gained 3.1 percent to 1.33 liras, its highest since Oct. 28, bringing the stock’s advance this year to 34 percent.

Sinpas will increase sales to 850 million liras ($473 million) this year, more than the estimated increase in the Turkish real estate market of between 5 percent and 7 percent, deputy CEO Ozkan Ozturk said at a news conference in Istanbul today. That sales forecast compares with a 649.5 million-lira mean estimate of 14 analysts in a Bloomberg survey.

Sinpas’ net income in 2011 will climb to 169 million liras from 61 million liras a year earlier, according to the average of 15 analyst estimates.

Some smaller players in Turkish real estate may have to “pull out of a very competitive market” this year, Ozkan said.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.