Turkey's Tekfen Holding falls as Q1 loss widens

Tekfen Holding

09/05/2025 08:52

** Shares in Tekfen Holding dip around 5% after the Turkey-based holding company, active in various sectors, reported a larger-than-feared Q1 loss

** Its Q1 net loss widened to 733.4 million lira from a loss of 732.9 million lira a year earlier

** Brokerage Global Yatirim states Q1 results were lower than expected, hence having a negative impact on the shares

** "We think that the turmoil in the company's board of directors during this period also reduced concentration on business lines," the brokerage says

** Tekfen currently sits as the worst performer of today on Turkey's main BIST-100 index .XU100

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com;))