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GUBRF.E — Gubre Fabrikalari News Story

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Turkey's Gubre Fabrikalari rises on Q1 profit growth

BUZZ-Turkey's Gubre Fabrikalari rises on Q1 profit growth

** Shares in Turkey's Gubre Fabrikalari GUBRF.IS rise almost 4% after the fertiliser producer reported an increase in first-quarter earnings

** Gubre Fabrikalari's Q1 net profit rose to 3.1 billion lira from 812.3 million lira a year earlier

** Brokerage Pusula Yatirim says results were solid and expects growth momentum to continue, supported by strong demand and pricing

** Shares of Gubre Fabrikalari are up 4.2% at 488.5 lira by 0746 GMT, paring gains after rising as much as 7.7%

** Including today's move, the stock is up about 40.95% year to date


(Reporting by Canan Sevgili)

((canan.sevgili@thomsonreuters.com))

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