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AYDEM.E — Aydem Yenilenebilir Enerji News Story

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Turkey-based Aydem Enerji soars on better-than-expected Q2 profit

BUZZ-Turkey-based Aydem Enerji soars on better-than-expected Q2 profit

** Shares in the Turkey-based renewable energy company Aydem Enerji AYDEM.IS rise 10% after it published its Q2 results after market close on Wednesday

** It posted quarterly net result turning to profit of 4.6 billion lira ($96.45 million) from a loss of 49.3 million lira year ago

** Brokerage Is Yatirim says the market consensus was a net profit of 133 million lira

** Is Yatirim points to deferred tax income of 4.7 billion lira as the main driver of Aydem's profit beat

** Shares in Aydem hit the 10% ceiling on Turkey's Borsa Istanbul stock exchange and, including today's rise, the stock has gained 14.2% YTD​​

($1 = 47.6950 liras)


(Reporting by Arda Dipova)

((arda.dipova@thomsonreuters.com))

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