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BIM Birlesik Magazalar AS (BIMAS.IS)

BIMAS.IS on Istanbul Stock Exchange

56.25TRY
21 Apr 2017
Change (% chg)

0.70TL (+1.26%)
Prev Close
55.55TL
Open
55.75TL
Day's High
56.35TL
Day's Low
55.55TL
Volume
408,104
Avg. Vol
648,778
52-wk High
62.80TL
52-wk Low
46.62TL

Latest Key Developments (Source: Significant Developments)

BIM to increase share capital of its Morocco-based unit
Friday, 21 Apr 2017 10:03am EDT 

April 21 (Reuters) - Bim Birlesik Magazalar As :Share capital of BIM Stores SARL, %100 owned subsidiary in Morocco, will be increased to 1,125,000,000 Moroccan Dirham ($112.07 million) from current capital of 985,000,000 Moroccan Dirham.77,479,000 Moroccan Dirham (around EUR 7 million) of the capital increase will be sourced by converting the loan given to BIM Stores SARL by Bim Birlesik Magazalar.The rest of the increase amounting 62,521,000 Moroccan Dirham (around EUR 6 million) will be paid in cash in two equal installments.  Full Article

BIM AGM approves 2016 dividend increase
Tuesday, 18 Apr 2017 11:09am EDT 

April 18 (Reuters) - Bim Birlesik Magazalar As :During the General Assembly meeting 2016 the proposal from Ahmet Afif Topbaş, one of the shareholders, regarding the increase of the profit distribution recommendation by the Board of Directors was submitted to the approval of the General Assembly and it was accepted by majority votes.AGM decides to pay total gross 1.5 lira net 1.275 lira ($0.3476) per share dividend for 2016 in two installments.Gross 0.9 lira net 0.765 lira to be paid as 1st dividend; gross 0.6 lira net 0.51 lira to be paid as 2nd dividend.  Full Article

BIM proposes net 1.19 lira/shr dividend for 2016
Thursday, 23 Mar 2017 05:11am EDT 

BIM Birlesik Magazalar AS : Proposes to pay FY 2016 dividend of gross 1.4 lira ($0.3863) net 1.19 lira per share . Proposes distribution of cash dividend shall be proposed to be implemented in two installments, first installment be distributed as gross 0.80 lira net 0.68 lira for each share from 7th June and second installment as gross 0.60 lira net 0.51 lira for each share from 8th November .Proposes gross 425.0 million lira which corresponds to the 140 percent of the capital paid to the shareholders shall be distributed in cash.  Full Article

Bim says ends the buy back programme
Thursday, 16 Mar 2017 11:15am EDT 

Bim Birlesik Magazalar As : The buy-back program that was started in July 2016 is ended as of March 16 . Executive Committee Member & CFO Haluk Dortluoğlu is authorized to sell the shares which are bought within the buy-back program on the market if required . The total number of shares bought back within the program is 1,230280 in nominal which correspond 0.4052% of the company share capital 61.1 million lira ($16.85 million) paid for the transactions in total .The lowest and highest transaction prices per share were 46.74 lira and 52.05 lira, respectively and the average transaction price was 49.67 lira.  Full Article

Turkish retailer BIM mulls opening 200-300 stores in Iran
Tuesday, 7 Mar 2017 04:10am EST 

Turkish retail company BIM Birlesik Magazalar AS aims to open 200-300 stores in Iran if it decides to go ahead and enter a market that was shut off due to economic sanctions until Jan. 2016. : In February, BIM authorized its executive committee to initiate research to explore opportunities and investment potential in Iran's retail market . Executive committee member Galip Aykac said the necessary processes to examine the potential in Iran and open stores in the country are proceeding rapidly. . Executive Committee Member and CFO Haluk Dortluoglu said that Iran's economy is likely to develop in the near future and he sees the country as an attractive market. . Globally, BIM plans to open 500 BIM and 25 FILE stores in 2017, Dortluoglu added. [nIKA53HX9s] .Shares rose 5 percent to 56.25 lira in afternoon trade..  Full Article

Bim seeks investment opportunities in Iran
Tuesday, 7 Feb 2017 02:47am EST 

Seek Bim Birlesik Magazalari :Said on Monday that, on the purpose of determining the opportunities and investment potential in retail market of Iran, Executive Committee shall be granted authorization to initiate marketing research studies and to follow entire process including opening stores when needed.  Full Article

BIM Birlesik Magazalar revises 2016 sales growth outlook to 15 pct
Tuesday, 16 Aug 2016 12:20pm EDT 

BIM Birlesik Magazalar AS : Revises 2016 sales growth target outlook to 15 percent from 20 percent .Says first six months of the year sales growth realised at 16 percent, below targeted 20 percent.  Full Article

BIM Birlesik Magazalar Q2 net profit down at 143.9 mln lira
Tuesday, 16 Aug 2016 11:56am EDT 

BIM Birlesik Magazalar AS : Q2 net profit of 143.9 million lira ($49.18 million) versus 149.6 million lira year ago .Q2 revenue of 4.97 billion lira versus 4.35 billion lira year ago.  Full Article

Bim Birlesik Magazalar decides to buyback shares
Friday, 22 Jul 2016 08:48am EDT 

Bim Birlesik Magazalar AS : Decides to buyback shares in accordance with the Capital Markets Board (CMB) announcement dated July 21 . Says the maximum amount of funds to be used decided at 300.0 million lira ($98.43 million) for share buyback .Capital Markets Board announced on July 21 that public companies can buyback their own shares without any limitation on the open market until further notice.  Full Article

BIM Birlesik Magazalar AS announces dividend for FY 2015
Monday, 21 Mar 2016 11:29am EDT 

BIM Birlesik Magazalar AS:Proposes FY 2015 dividend of gross 1.1 lira and net 0.935 lira per share in total.Distribution of cash dividends shall be made in two installments; first installment to be paid as gross 0.60 lira and net 0.50 liraper share after June 6, 2016 , second installment to be paid as gross 0.51 lira and net 0.4250 lira per share after November 7, 2016.To distribute gross 334.0 million lira FY 2015 dividend in total.  Full Article

More From Around the Web

BRIEF-Turkish retailer BIM mulls opening 200-300 stores in Iran

March 7 Turkish retail company BIM Birlesik Magazalar AS aims to open 200-300 stores in Iran if it decides to go ahead and enter a market that was shut off due to economic sanctions until Jan. 2016.