Turkish Galata Wind Enerji up after Q2 profit beat

Galata Wind Enerji

08/08/2025 08:32

** Shares in Galata Wind Enerji GWIND.IS rise around 3% after Turkey-based renewable energy company, specializing in the generation of electrical energy from wind and solar power sources, reported better-than-expected Q2 net profit

** The company announced Q2 net profit of 270.5 million lira  ($6.65 million) versus net profit of 257.0 million lira year ago

     ** Brokerage Global Menkul Degerler says it Galata Wind's Q2 net profit came in 47% above market expectations

     ** It adds that higher financing costs and lower monetary gains weighed on results, while lower tax expenses provided support

     ** "Galata Wind's stronger-than-expected Q2 net profit could have a positive impact on the stock" Global Menkul Degerler notes

($1 = 40.6758 liras)

 (Reporting by Canan Sevgili)

 ((canan.sevgili@thomsonreuters.com))