Aselsan shares up after Q1 profit beat

Aselsan Elektronik Sanayi ve Ticaret

29/04/2026 08:52

** Shares in Aselsan ASELS.IS jump over 4% after profit growth at the Turkish defense electronics company beat market expectations

** Q1 net profit rose to 5.5 billion lira ($122.04 million) from 3.0 billion a year ago, beating market expectations by 19%, according to Brokerage Global Menkul Degerler and Deniz Yatirim

** "We view the operational performance as solid," Global Menkul Degerler says, adding it expects the results to have a positive impact on the stock in the short term

** The stock is one of the best performers in main BIST 100 index .XU100 which is up 0.8%

($1 = 45.0654 liras)

 (Reporting by Canan Sevgili)

 ((canan.sevgili@thomsonreuters.com))