BGC Partners: Tat Gida <TATGD TI> reported a net income of TL19.5mn in 2Q19 (BGC: TL12mn, consensus: TL14mn), operationally in line...
After very weak 4Q18 and 2018 yearly performances, improved/normalized margins continue after 1Q19 results thanks to 1) favorable product mix, 2) operational efficiency, and 3) the decline in Private Label sales (the company’s new strategy is to lower non-branded sales and elevate branded sales), which were considered as sustainable by the managementTat Gida Sanayi is engaged in the tomato paste, tomato puree, peeled tomato, diced tomato, ketchup, canned vegetables, frozen foods, pickled cornichons, roasted pepper and empty tin cans and covers which are required for production, sector and canned food industry in Turkey and Europe.
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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