Migros 2011 Loss 163.2 Million Liras, Beating Estimate

Migros Ticaret AS, a Turkish supermarket chain which is owned by a group led by private equity firm BC Partners Ltd., reported a full-year loss of 163.2 million liras ($91 million), beating estimates.

The loss compared with a profit of 42.6 million liras in 2010, Migros said in a statement to the Istanbul Stock Exchange today. The company was expected to report a loss of 189.2 million liras, according to the average of 14 analyst estimates compiled by Bloomberg.

(Corrects to say beating estimate in headline and first paragraph.)
Before it's here, it's on the Bloomberg Terminal. LEARN MORE