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

The Loss Situation of Mazhar Zorlu Holding

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 is a concerning situation for market participants.

Financial Performance Analysis

In the nine-month period, the company's sales decreased by 2%, while its gross profit dramatically increased to 249.5 million TL. This increase indicates improvements in pricing or cost factors. 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 26.5 million TL, falling to a concerning level. EBITDA turned positive from the negative zone to 12.7 million TL. Nonetheless, 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 improvement of EBITDA give hope for a return to profitability. However, a sustainable turnaround still requires operating profit to turn positive. If the operating profit turns positive in the fourth quarter and the financing burden remains limited, the possibility of profit emerges. However, high accumulated losses and weak net profitability necessitate consideration of existing risks.