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Sasa Polyester's growing debt in Q2 weighs on shares

Sasa Polyester's growing debt in Q2 weighs on shares

Sasa Polyester Sanayi A.s.August 20, 20253
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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