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BIM Birlesik Magazalar AS (BIMAS.IS)

BIMAS.IS on Istanbul Stock Exchange

62.25TRY
23 May 2017
Change (% chg)

-1.05TL (-1.66%)
Prev Close
63.30TL
Open
62.70TL
Day's High
63.00TL
Day's Low
62.05TL
Volume
179,725
Avg. Vol
701,722
52-wk High
64.95TL
52-wk Low
46.62TL

Latest Key Developments (Source: Significant Developments)

Chairman Mustafa Latif Topbas transfers 14.78 pct stake in BIM to Merkez Bereket Gida-KAP
Tuesday, 16 May 2017 09:21am EDT 

May 16 (Reuters) - PUBLIC DIsCLOSURE PLATFORM (KAP)::CHAIRMAN MUSTAFA LATIF TOPBAS TRANSFERS HIS 14.78 PCT DIRECT STAKE IN BIM <<>> TO MERKEZ BEREKET GIDA AT 61.0 LIRA PER SHARE-KAP.THERE IS NO CHANGE IN MANAGEMENT AND CONTROL OF BIM AFTER THE TRANSACTION-KAP.MERKEZ BEREKET GIDA IS CONTROLLED BY BIM CHAIRMAN MUSTAFA LATIF TOPBAS - KAP.  Full Article

Bim Birlesik Magazalar reports Q1 net profit of 197.9 million lira
Monday, 8 May 2017 11:44am EDT 

May 8 (Reuters) - BIM BIRLESIK MAGAZALAR AS :Q1 NET PROFIT OF 197.9 MILLION LIRA ($55.35 MILLION) VERSUS 162.0 MILLION LIRA YEAR AGO.Q1 REVENUE OF 5.71 BILLION LIRA VERSUS 4.81 BILLION LIRA YEAR AGO.  Full Article

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

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.