Europe
Aselsan Shares Jump on FY Profit Beat
Aselsan ASELS shares surged 3.2% after FY results exceeded estimates.
• FY net profit of 15.30 billion lira ($419.69 million) was reported, up from 10.53 billion lira a year ago.
• Brokerage Halk Yatirim and Yatirim Finansman anticipate the announcement’s positive impact on shares.
• Q4 net profit increased by 47% to 8.77 billion lira, surpassing both company’s forecast and market consensus by 43% and 30%, respectively.
• Deviation in net profit was driven by stronger-than-expected operational profitability and net financial income.
• Stock is the best performer in the main BIST 100 index XU100.
