Bloomberg News

Turkish Stocks: Dogan, Turk Telekom, Vakifbank, Yapi Kredi

February 14, 2012

Feb. 14 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index dropped 1.5 percent to 59,662.13 at the close in Istanbul.

The following stocks were active. Stock symbols are in parentheses.

Dogan Sirketler Grubu Holding AS (DOHOL TI), a group of companies with interests in energy and media, rose 1.5 percent to 67 kurus after reporting full-year profit of 560.1 million liras ($317 million) in a tax filing.

Turkiye Vakiflar Bankasi TAO (VAKBN TI), a state-run bank, fell 1.9 percent to 3.09 liras. Vakifbank’s fourth-quarter profit dropped 33 percent to 261.7 million liras, below the average estimate of 281.1 million liras in a Bloomberg survey of analysts.

Turk Telekomunikasyon AS (TTKOM TI), Turkey’s largest phone company, fell as much as 1.3 percent before closing down 0.3 percent at 7.80 liras. The company reported net income fell 16 percent last year to 2.07 billion liras, missing estimates.

Yapi & Kredi Bankasi AS (YKBNK TI), the lender owned by UniCredit SpA and Koc Holding AS, declined 2.3 percent to 3.44 liras. Net income fell to 1.86 billion liras from 2.06 billion liras in 2010, according to the bank’s tax filing today.

--Editors: Peter Branton, Ash Kumar

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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