Brief: Migros Ticaret Q3 Net Profit Decreases To 3.16 Bln Lira YoY, Revises 2024 Guidance

Migros Ticaret AS

06/11/2024 06:31

Nov 6 (Reuters) - MIGROS TICARET A.S.  MGROS.IS :
    * SAID ON NOV. 5, Q3 NET PROFIT OF 3.16 BILLION LIRA VERSUS
NET
PROFIT OF 5.06 BILLION LIRA YEAR AGO
    * Q3 REVENUE OF 74.49 BILLION LIRA VERSUS 66.32 BILLION LIRA
YEAR
AGO
    * HAS DECIDED TO PAY ADVANCE GROSS DIVIDEND OF 2.87 LIRA AND
NET
DIVIDEND OF 2.58 LIRA (BY DEDUCTING 10% WITHHOLDING TAX) CASH
FOR SHARES AT THE NOMINAL VALUE OF 1 LIRA 
    * TO START THE ADVANCE DIVIDEND DISTRIBUTION ON NOVEMBER 13,
2024
    * MIGROS TICARET SEES 2024 CONSOLIDATED SALES GROWTH TO BE
10%-12%
(PREVIOUS FORECAST: AROUND 10%)  
    * MIGROS TICARET SEES 2024 EBITDA MARGIN TARGET TO BE AROUND
5%
(PREVIOUS FORECAST: 4.5%-5.0%)    
    * MIGROS TICARET MAINTAINS CAPITAL EXPENDITURES FORECAST OF
AROUND
8.00 BILLION LIRA FOR 2024 
    * MIGROS TICARET MAINTAINS AROUND 350 NEW STORES FORECAST IN
2024 

        
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