New Deal from Aselsan, VERUS Profit Share Decision, Capacity Increase from TRILC: Latest News from BIST Companies
We have compiled the highlights from the latest public disclosures of companies listed on BIST.
Aselsan signs defense industry agreement with UAV manufacturers
Aselsan (ASELS) has signed sales contracts for the export of electro-optic payloads worth a total of $10,343,050 with unmanned aerial vehicle manufacturers for countries in the Asia-Pacific and Africa regions. This move supports Aselsan's goal of expanding its share in the defense industry in line with its strategy to enhance its international effectiveness. The agreements indicate that Aselsan aims to maintain the momentum it has gained in defense technologies within international markets. With these agreements, Aselsan seeks to strengthen its position in the defense industry and gain a broader presence in global markets.
Verusa Holding announces dividend decision
Verusa Holding (VERUS) has decided to distribute a gross cash dividend of 17,500,000 TL based on the decision of its board of directors. The cash dividend distribution will commence on November 20, 2024, with a net payment of 0.225 TL for each share with a nominal value of one Turkish lira.
Girişim Elektrik wins another tender
Girişim Elektrik (GESAN) submitted the best bid in the “0.6/1KV Rated PVC Insulated NYCY (YVMV) Armored Cable Procurement” tender organized by Türkiye Electricity Transmission Corporation (TEİAŞ). This achievement, with a base price of $1,659,690, stands out as a strategic step to strengthen the company's position in the energy sector.
Turkish Pharmaceuticals and Serums increases production capacity
Türk İlaç ve Serum Sanayi (TRILC) has completed the initial phase of investments to increase its existing serum production line by 40%. This investment, conducted at its facilities in Ankara, will result in a 20% increase in total production capacity and is set to be operational in the first week of November.
Grainturk Holding makes a move in cement production
Grainturk Holding (GRTHO) will hold a 50% stake in a new company named HÇS Hatay Çimento, which will be established with a capital of 50,000,000 TL in Hatay. This new company will operate as a cement production facility, with Şirikçioğlu Mensucat as the other partner. With a total facility area of 176,000 square meters, the aim is to produce approximately 2 million tons of cement annually. Grainturk Holding plans to contribute to the cement demand in the surrounding areas, particularly in earthquake-prone regions, with an estimated investment cost of $200,000,000, and the completion time is expected to be 18 months after obtaining the necessary permits.