Refile: BUZZ-Ulker Biskuvi jumps as net result swings to bigger-than-expected profit

Ulker Biskuvi Sanayi AS

10/05/2023 08:51

(Refiles to fix BIST 100 index instrument code in the last
bullet point)
    ** Shares of Turkey's Ulker Biskuvi  ULKER.IS  rise 6.61% as
the food manufacturer's Q1 profit exceeds market expectations
    ** The group's Q1 net result swings to profit of 895.6
million lira, compared with loss of 470.7 million lira a year
earlier
    ** Brokerage Ziraat Yatirim notes Ulker Biskuvi's quarterly
profit beat consensus expectation of 335 million lira and its
estimate of 395 million lira
    ** The company delivered "stronger than expected set of
financials backed by robust operational improvement, financial
investment and net FX gains," brokerage Oyak Securities says 
    ** The stock is among the best performers on Turkey's BIST
100 index  .XU100  which is down 0.60%
    

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