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Sasa Polyester's growing debt in Q2 weighs on shares
Sasa Polyester's growing debt in Q2 weighs on shares

About this update from Sasa Polyester Sanayi A.s.
** Turkish polyester maker Sasa BIST:SASA slides more than 6% after Q2 results** The company posts Q2 loss of 10.34 bln lira ($252.8 mln) with finance costs reaching 24.46 bln lira ($597.9 mln) ** Brokerage Gedik Yatirim notes 83% of company's debt is in euros with 5.62% interest and 13% is in dollars with 8.3%** Gedik Yatirim says it expects climbing debt levels and continuing weak operational performance to reflect negatively on shares** The stock is the worst performer on Istanbul's biggest 30 companies index (.XU30) ($1 = 40.9165 lira)
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