Turkish Equity Movers: Aselsan, Dogan Yayin, Sekerbank, Tupras
The following stocks were active. Symbols are in parentheses.
Aselsan Elektronik Sanayi & Ticaret AS (ASELS TI), a maker of military and communications equipment, dropped 34 kurus, or 3.7 percent, to 8.76 liras after reporting first-quarter profit of 41.9 million liras ($27 million), little changed from 42 million liras over the same period last year.
Bursa Cimento Fabrikasi AS (BUCIM) , a cement maker, surged 30 kurus, or 5.4 percent, to 5.88 liras after reporting first-quarter profit of 8.54 million liras, almost 10 times the 887,127 liras it earned a year ago.
Dogan Yayin Holding AS (DYHOL) , Turkey’s biggest media group, rose the most in three weeks, advancing 4 kurus, or 2.6 percent, to 1.61 liras after cutting its tax bills by applying to the government’s restructuring program. The company reduced payment orders for 1.5 billion liras of back-taxes and fines concerning itself and its unit Dogan TV Holding AS to 294.3 million liras, it said in a statement to the bourse after the market closed yesterday. The group may also restructure 1.36 billion liras of remaining tax bills, it said.
Gubre Fabrikalari TAS (GUBRF TI), a fertilizer producer, fell 35 kurus, or 2.2 percent, to 15.4 liras after saying it lost an auction for phosphate plants in Turkey.
Tupras Turkiye Petrol Rafineleri AS (TUPRS TI), Turkey’s sole refiner, jumped 1 lira, or 2.2 percent, to 46.40 liras after reporting first-quarter profit more than tripled to 306.3 million liras, exceeding estimates, as sales increased and refining margins widened.
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