TAV Airports shares jump on Q1 beat

Tav Havalimanlari Holding

26/04/2024 10:05

** Shares in TAV Airports  TAVHL.IS  jump 6.5% after the
Turkish airport operator's Q1 results beat estimates
    ** The company posts Q1 net profit of 298.3 million lira 
($9.16 million), versus a loss of 919 million lira year ago
    ** Its quarterly revenue rises 10.76 billion lira from 5.06
billion lira year ago
    ** Brokerage Yatirim Finansman says TAV announced 298
million lira net income above consensus estimate of 98 million
lira in Q1 and its own expectation of 67 million lira
    ** "Better operational result was main reason of deviation
from our estimates in the quarter" Yatirim Finansman notes
    ** The stock is among the best performers in main BIST 100
index  .XU100  which is up 1.75%
    
    
    


($1 = 32.5823 liras)

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