Mazhar Zorlu Holding's losses are approaching 2 billion TL.

Mazhar Zorlu Holding's Loss Situation

Mazhar Zorlu Holding announced that its accumulated losses have approached 2 billion TL in the last nine-month financial period. The steps taken by the company in challenging financial conditions continue to attract the attention of investors. The continuation of losses has created a worrying situation for market participants.

Financial Performance Analysis

During the nine-month period, the company's sales decreased by 2%, while its gross profit reached 249.5 million TL with a dramatic increase. This rise indicates improvements in pricing or costs. However, the significant decline of 87% in operating profit negatively affected investors' growth expectations.

In particular, the operating profit dropped from 202.3 million TL to a concerning level of 26.5 million TL. EBITDA turned positive from a negative position to 12.7 million TL. Nevertheless, the company's net loss for the period is still recorded as 36.1 million TL.

Future Outlook and Expectations

According to analysts' evaluations, while Mazhar Zorlu Holding's loss situation continues, the positive trend in gross profit growth and the progress of EBITDA in a positive direction provide hope for a potential return to profit. However, a sustainable turnaround still requires the operating profit to turn positive. If the operating profit turns to a positive line in the fourth quarter of the year and the financing burden remains limited, the possibility of profit emerges. However, the high accumulated loss and weak net profitability necessitate consideration of existing risks.