Turkey's Celebi soars after Q3 growth despite higher deferred tax expenses

Celebi Hava Servisi AS

11/11/2025 08:58

** Celebi Hava Servisi's CLEBI.IS shares rise 7.7% at 0850 GMT after posting Q3 results slightly growing y/y

** The Turkey-based company engaged in ground handling services reported Q3 net profit and revenue both up around 1% on a yearly basis

** Brokerage Global Menkul Degerler points to the company's "higher deferred tax expenses [that] offset the increase in operating income"

** The brokerage highlights positively the company's strong operating income and it remains "cautiously optimistic" regarding the stock, due to high tax expenses

** Shares in Celebi rise as much as 10%, topping Turkey's main BIST 100 .XU100 index, which is up 0.04%

($1 = 41.9551 liras)

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com;))