07 September 2005 -

Report Summary

Slightly lower than our estimate of US$ 41.71 mn, Trakya Cam disclosed US$ 34.68 mn net income for 1H05, which is 55% higher than its 1H04 net earnings of US$ 22.32 mn, following US$ 8.87 mn monetary gain. Our year-end net profit estimation for the company is US$ 81.83 mn, which is 6% over its 2004 net earnings.

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