News Column

Akcansa 2Q14 results

August 17, 2014

Akcansa has released its 2Q14 results. Revenues increased 24% YoY to TRY 387mn, EBITDA rose 57% YoY to TRY 116mn, while net profit advanced 69% YoY to TRY 70mn. The EBITDA margin expanded 6pp to 30% vs. 2Q13, while the net margin added 5pp vs. 2Q13 and reached 18%. Net debt stood at TRY 247mn at the end of 2Q14, almost unchanged from the end of 1Q14, with net debt/LTM EBITDA of 0.7x.

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Source: EMBIN (Emerging Markets Business Information News)

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