Turkey's Ulker rise after Q2 beat
19/08/2026 08:54
BUZZ-Turkey's Ulker rise after Q2 beat ** Shares in Ulker Bıskuvi ULKER.IS rise more than 6% after the Turkish confectionery reported Q2 profit above expectations
** The company posts a Q2 net profit of 1.4 billion lira ($29.21 million), which is well above the market expectations of 225 million lira cited by the brokerage Ak Yatirim
** The broker says beat is driven by lower foreign-exchange losses and higher monetary gains
** Ak Yatirim says the results could be received positively given the stock's recent underperformance
** Wednesday's rise reduces the shares' YTD losses to 5.22%
** The shares are on track for their best day since mid-May 2025
** The stock is the best performer in Turkey's main BIST 100 index .XU100
($1 = 47.9349 liras)
(Reporting by Canan Sevgili)