Tekfen Holding has managed to attract investors’ attention with its recently announced balance sheet. In its second quarter balance sheet for 2024, the company increased its equity to 27.11 billion TL, leading to a remarkable potential for a bonus share issuance reaching 7220%.
## Tekfen Holding’s Second Quarter Balance Sheet for 2024
Tekfen Holding A.Ş. (TKFEN) has announced its financial results for the second quarter of 2024. From January 1, 2024, to June 30, 2024, the company recorded a profit of 4,444,000 TL. In the same period of 2023, the company reported a loss of 1,824,694,000 TL, indicating a significant improvement in performance. The company’s financial statements reflect an inflation adjustment, showing that last year’s net profit of 136.8 million TL was retrospectively corrected to a net loss of 1.82 billion TL. The revenue of Tekfen Holding decreased by 12% compared to the same period last year, amounting to 28,288,996,000 TL.
## Tekfen Holding’s Bonus Share Issuance Potential
With a paid capital of 370 million TL, Tekfen Holding’s equity has risen to 27.11 billion TL according to the latest balance sheet. This situation has propelled the company’s bonus share issuance potential to an impressive level of 7220%. However, this high potential does not necessarily mean that the company will certainly proceed with a bonus share issuance. The bonus potential indicates how much the company could expand its capital should it decide to take such action. In the case of a bonus share issuance, additional shares are distributed to existing shareholders without any payment.
In conclusion, Tekfen Holding’s strong financial performance and high potential for bonus share issuance continue to capture investor interest. Future announcements and decisions by the company will closely impact its stock performance. As Tekfen Holding increased its equity to 27.11 billion TL in the second quarter of 2024, there is great curiosity surrounding the path the company will take regarding bonus share issuance.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
