BGC Partners - KOC HOLDING 4Q18 Earnings - IN LINE
Koc Holding reported 4Q18 net profit of TL1,710 mn (+59% y/y); broadly in line… Koc Holding’s 4Q18 net profit at TL1,710mn is 14% higher than consensus and 10% higher than our forecast. Among key listed assets, Tupras and indirect holding Yapi Kredi Bank reported better than expected net income in 4Q18. Koc Holding reported a net profit of TL5,537mn in 2018, up by 13% y/y.Koc Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the business of natural gas, marketing, petroleum shipping, liquefied petroleum gas, power generation, production and trading of petroleum products and mining in the energy sector, production, trading, insurance and car rental in the automotive sector, production and sales, procurement, research and developement in the consumer durables sector, consumer finance, banking, custody, financial consulting, leasing, brokerage, real estate and portfolio management and brokerage banking in the finance sector, and tourism, trading, technology, ship construction and foreign trade in the other sectors.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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