Page 31 - TURKRptFeb22

4.3 Industrial sectors and trade 4.3.1 PMI Production dynamics
4.3.2 Corporate profits dynamics
Purchasing managers’ index (PMI) down from 52.1 in December to 50.5 in January.
Coca Cola Icecek is expected on February 21. Turk Traktor is to release its results on February 14.
On January 26, Arcelik (ARCLK) reported that its net income declined by 37% y/y to $244mn in 2021.
Major Borsa Istanbul Companies 2021 Financials
TRYmn
Market Value
Sales
y/y
Profit
y/y
Price/Profit
Price/Book
QNBFB
QNB Finansbank
130,650
3,928
43%
33.3
5.9
GARAN
Garanti BBBVA
50,148
13,073
110%
3.8
0.6
TOASO
Tofas
41,675
29,684
26%
3,281
84%
12.7
7.3
AKBNK
Akbank
40,768
12,126
93%
3.4
0.5
ARCLK
Arcelik
36,388
68,184
67%
3,065
8%
11.9
1.9
YKBNK
Yapi Kredi Bank
34,295
10,490
107%
3.3
0.5
ZRGYO
Ziraat REIT
12,297
166
23%
1,316
247%
9.4
1.5
USD/TRY
13.32
79%
31 TURKEY Country Report February 2022 www.intellinews.com