Kontrolmatik dips on share capital increase plans

Kontrolmatik Teknoloji Enerji ve Muhendislik

25/06/2025 08:30

** Shares in Kontrolmatik KONTR.IS drop around 7% after the company announced a share capital increase of 300%

** The Turkey-based engineering company said it decided to increase its share capital to 2.60 bln lira from 650 mln lira via rights issue

** Brokerage Deniz Yatirim says this may have a "limited negative impact on investor sentiment since it may cause additional cash outflows"

** Kontrolmatik's stock is at the bottom of Turkey's main BIST-100 .XU100 index

(Reporting by Arda Dipova)

((arda.dipova@thomsonreuters.com))