Bloomberg News

Turkey Stocks Movers: Aselsan Elektronik, Dogus Otomotiv

March 09, 2012

Turkey’s benchmark ISE National 100 Index (XU100) dropped 0.7 percent to 59,280.43 at the close in Istanbul, decreasing for the first time in three days.

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

Aselsan Elektronik Sanayi & Ticaret AS (ASELS) , a Turkish defense contractor, fell 4 percent, the biggest drop in three months, to 9.14 liras, after reporting a 29 percent decline in 2011 profit, missing estimates. Full-year net income fell to 160.8 million liras ($90 million) from 226.9 million liras in 2010, Aselsan said in a statement to the Istanbul Stock Exchange after the market closed yesterday. The company was expected to report a profit of 231.3 million liras, according to the average of six analyst estimates compiled by Bloomberg.

Dogus Otomotiv Servis & Ticaret AS (DOAS) , the Turkish importer of Volkswagen AG cars, rose 2.8 percent to 4.37 liras, the highest level since September. Dogus will pay a gross dividend of 100 million liras ($56 million), or 0.45 lira a share, from 2011 profit, it said in a statement to the Istanbul Stock Exchange after the market closed yesterday.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

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


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