Emlak Konut Gayrimenkul Yatırım Ortaklığı (EKGYO) has reported a remarkable turnaround in its financial performance, posting a full-year net profit of 13.20 billion lira, a sharp contrast to the 5.88 billion lira net loss recorded a year ago.
Financial Highlights
- Net Profit: 13.20 billion lira (versus a 5.88 billion lira net loss in the previous year)
- Revenue: 31.90 billion lira (down from 41.14 billion lira a year ago)
- Dividend Proposal: The company has proposed a cash dividend payout of 0.40 lira per share (gross and net) for 2024
Key Takeaways
Emlak Konut’s return to profitability reflects its improved financial strategy and operational efficiency, despite a decline in annual revenue. The company’s dividend proposal signals confidence in its financial stability and commitment to shareholder returns.
Market Outlook
Investors will closely watch how Emlak Konut navigates the evolving real estate landscape, as the company positions itself for continued profitability and growth in 2024. With a renewed focus on financial strength, the stock may attract increased investor interest in the coming months.
