Petkim shares expected to go down

01 July 2026

Petkim shares expected to go down 7%

16:19 07 November 2016 Read: 1051

Petkim shares expected to go down 7%

Petkim Perochemical Holding’s profit in the third quarter of 2016 amounted to TRY 137 million, down from the forecast.

AK Yatirim had forecasted Petkim’s net profit at TRY 167 million.

Basing on this, AK Yatirim stated that face value of the Holding’s shares will go down 6.75% from TRY 5.33 to TRY 4.97.

AK Yatirim said the market value of the company will also decline due to stopping of construction of coal power plant.

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