Turkey's ENKA Insaat slips after Q1 earnings miss

ENKA Insaat ve Sanayi AS

11/05/2026 09:15

** Shares in Turkey's ENKA Insaat ENKAI.IS drop more than 4% after the Turkey-based construction company reported weaker-than-expected Q1 results

** ENKA posted Q1 net profit of 3.4 billion lira, missing expectations of 7.7 billion lira, and down from 3.9 billion lira a year ago

** Brokerage Global Menkul Değerler said the miss was mainly driven by a 2.9 billion lira net loss from investment activities, and flagged a weaker operational performance

** The stock, on track for its worst day in two months, is among worst performers on Turkey's main BIST 100 .XU100 index

 (Reporting by Canan Sevgili)

 ((canan.sevgili@thomsonreuters.com))