Turkish Galata Wind Enerji up after Q2 profit beat

About this update from Galata Wind Enerji A.s.

** Shares in Galata Wind Enerji BIST:GWIND rise around 3% after Turkey-based renewable energy company, specializing in the generation of electrical energy from wind and solar power sources, reported better-than-expected Q2 net profit** The company announced Q2 net profit of 270.5 million lira ($6.65 million) versus net profit of 257.0 million lira year ago ** Brokerage Global Menkul Degerler says it Galata Wind's Q2 net profit came in 47% above market expectations ** It adds that higher financing costs and lower monetary gains weighed on results, while lower tax expenses provided support ** "Galata Wind's stronger-than-expected Q2 net profit could have a positive impact on the stock" Global Menkul Degerler notes($1 = 40.6758 liras)

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