Migros Ticaret shares rise 10% as Q2 results beat estimates

Migros Ticaret AS

10/08/2022 08:58

** Shares of Turkish supermarket chain Migros Ticaret
 MGROS.IS  jump 10% after Q2 profit exceeds market expectations
 urn:newsml:reuters.com:*:nL8N2ZM14M
    ** The company's quarterly net profit rises to 440.8 million
lira ($24.6 million) compared to 1.8 million lira in the same
period last year
    ** Yatırım Finansman Securities says Migros results beat
consensus estimate of 190 million lira thanks to higher revenue
growth and better operating margins
    ** "We like the performance of Migros in Q2 and expect
market reaction to be positive," says Yatırım Finansman
Securities 
    ** The stock is the top performer on BIST 100 index
 .XU100 , which is up 0.54%
 
($1 = 17.9531 liras)

 (Reporting by Canan Sevgili)
 ((canan.sevgili@thomsonreuters.com))