Brief: Tupras Q2 Net Profit Down At 5 Bln Lira YoY, Revises 2024 Financial Outlook And Proposes Dividend

Turkiye Petrol Rafinerileri AS

05/08/2024 16:35

Aug 5 (Reuters) - TUPRAS-TURKİYE PETROL RAFINERILERI
 TUPRS.IS :
    * TUPRAS Q2 NET PROFIT OF 5.00 BILLION LIRA VERSUS PROFIT OF
9.35
BILLION LIRA YEAR AGO
    * TUPRAS Q2 REVENUE OF 190.72 BILLION LIRA VERSUS 183.63
BILLION
LIRA YEAR AGO
    * TUPRAS SEES 2024 CRACK MARGIN AT AROUND $12 /BBL (PREVIOUS
EXPECTATION: $14/BBL)
    * TUPRAS 2024 TOTAL INVESTMENTS EXPECTATION AT AROUND $400
MILLION
(PREVIOUS EXPECTATION: AROUND $500 MILLION)
    * PROPOSES TO PAY NET CASH DIVIDEND OF 10.74 LIRA PER SHARE

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