Business
Turkish grocer Sok Marketler rises after Q3 earnings beat
Turkish grocer Sok Marketler rises after Q3 earnings beat

About this update from Sok Marketler Ticaret As
** Shares in Sok Marketler BIST:SOKM rise more than 5% after the Turkish discount retailer reported Q3 earnings beat** Brokerage İs Yatirim says strong EBITDA performance, improvement in operational outlook, and increasing cash generation provide positive signals, although net profit came in slightly below estimates due to tax expenses** "Despite the weak sector outlook, the company continued its operational recovery for the fourth consecutive quarter, maintaining its turnaround from the bottom," it adds** Q3 EBITDA rose to 3.095 billion lira, beating the 2.201 billion consensus estimate cited by İs Yatirim** The stock is among the best performers on Turkey's main BIST 100 BIST:XU100 index, which is up 0.69%
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