March 22 (Bloomberg) -- Cimsa Cimento Sanayi & Ticaret AS, a Turkish cement maker, fell for a third day after reporting full-year profit that missed estimates.
The shares dropped 1.1 percent to 9.34 liras at the close in Istanbul. The company reported yesterday a net income of 123.4 million liras ($68 million) for 2011, lagging the 129 million-lira average of 20 analysts’ estimates on Bloomberg.
Cimsa, whose biggest shareholder is Haci Omer Sabanci Holding AS, is Turkey’s fifth-largest cement producer by market value and third largest by revenue, according to data compiled by Bloomberg.
To contact the reporter on this story: Benjamin Harvey in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com