PETKM: 1Q25 saw improved exports and operational synergies, but losses and high leverage remain

About this update from Petkim Petrokimya Holding Anonim Sirketi

Exports reached $449 million in 2024, with 1Q25 sales at ₺17.7 billion and a net loss of ₺2.6 billion. Operational synergies with STAR Refinery improved efficiency, but weak demand and high leverage persist. Moody’s downgraded the credit rating to Caa1.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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