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MTA: Profitability declined due to Turkish hyperinflation, but Mutlu's sale will reduce debt and risk

MTA: Profitability declined due to Turkish hyperinflation, but Mutlu's sale will reduce debt and risk

Metair Investments LimitedSeptember 26, 20245
MTA: Profitability declined due to Turkish hyperinflation, but Mutlu's sale will reduce debt and risk

About this update from Metair Investments Limited

Revenue rose 4% to R8bn, but profitability was hit by hyperinflation in Türkiye, leading to a swing to a HEPS loss. The sale of Mutlu is set to reduce debt and risk, with a renewed focus on South African operations and efficiency.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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