05 April 2006 -

Report Summary

Very much in line with our earning estimate of US$ 107 mn and 11% lower than consensus estimate, Turkish Airlines disclosed a net income of US$ 103 mn at its 2005 financials, which was 29% higher than the net income of 2004. The company had posted a net income of US$ 80 mn in 2004, following a US$ 85 mn monetary loss.

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