Earnings Report /
Turkey

Tupras Turkiye Petrol Rafinerileri: Strong improvement in product cracks

  • Tupras posted TL988mn net income in 3Q21, slightly lower than the consensus estimate of TL1,120mn

  •  The company revised up its 2021 refining margin guidance

  • TUPRS remains in our tactical buy call list, considering the ongoing improvement in product cracks

Zeynep Erman
Zeynep Erman

Equity Research Analyst

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
5 November 2021
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