Turkey's Tupras rises on better than expected Q2 result

Turkiye Petrol Rafinerileri AS

06/08/2024 09:51

** Shares in Turkiye Petrol Rafinerileri Tupras  TUPRS.IS 
rise 4.5% as the group's Q2 results beat estimates 
    ** The company, which is engaged in the refining of crude
oil and petroleum product, reported Q2 revenue up year-on-year
at 190.72 billion lira 
    ** Deniz Yatirim says the topline came in above consensus of
188.76 billion lira
    ** Tupras' net profit declined in Q2 to 5.00 billion lira
but Halk Yatirim says the drop was smaller-than-feared as the
market expected 3.5 billion lira
    ** The stock is one of the top performers on Turkey's BIST
100 index  .XU100 , which is up 1.78% amid a broader rebound
from previous day's steep declines
    

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