BGC Partners: Koc Holding <KCHOL TI> reported 2Q19 net profit of TL1,425 mn (flat y/y); in line
Koc Holding’s 2Q19 net profit of TL1,425mn is in line with the earnings reports of the underlying companies. That said, among the larger contributors to Koc’s earnings, Tupras reported a significantly better than expected 2Q19 net profit as well as Yapi Kredi Bank and Otokar , both of which reported higher 2Q19 earnings than projected.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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