Erdemir jumps on solid Q1 net profit

Eregli Demir ve Celik Fabrikalari

10/05/2024 09:41

** Shares in Turkey's Erdemir  EREGL.IS  rise more than 3%
to the top of Turkish blue-chip index  .XU100  after it posted
higher-than-expected Q1 net profit
    ** The Turkish steel producer posts Q1 net profit of 5.60
billion lira ($173.8 million), compared to market expectation of
5.00 billion lira      
    ** Yatirim Finansman and Akbank Yatirim say insurance claim
of $105.0 million helped the company to deliver a strong profit 
    
    ($1 = 32.2262 TRY)
    

 (Reporting by Oben Mumcuoglu)
 ((oben.mumcuoglu@thomsonreuters.com))