PETUN 2Q18 - LOWER
.. Pinar Et reported a net income of TL9.1mn in 2Q18, lower (BGC: TL13.2mn, no consensus available). Pinar Et recorded TL13.3mn EBITDA in the quarter (7.5% margin), below our estimate of TL15.1mn at 8.8% margin. Slightly higher tax expenses of TL3.5mn in 2Q18 (at 28%) had some slight negative impact on the bottom line. We think that 2Q18 performance is slightly negative.Pinar Entegre Et ve Un Sanayi AS is a Turkey-based company engaged in the production of meat and meat-related products. The Company carries out all of its slaughtering in its own facilities for the meat that it uses in the production. The Company exports its products to North America, Africa, Europe, Asia and Australia, to such countries, as the United States, Canada, Nigeria, Libya, Poland, Germany, France, China, Japan and Iran, among others. It has such associated companies, as Yasad Birlesik Pazarlama AS, Desa Enerji AS, Camli Yem AS, Pinar Anadolu Gida AS and Pinar Foods GmbH. The Company is a part of the Yasar Group.
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
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.