Arçelik Posts Net Profit of TRY 1.49 Billion in First Half

Arçelik announced its financial results for the first half of 2024, reporting a net profit of TRY 1.49 billion. This figure marks a significant increase compared to the same period last year. The company's sales revenue also showed strong performance. Arçelik's total sales in the first half rose notably year-on-year, driven by both domestic demand and growth in export channels. On the operational profitability front, Arçelik presented a positive picture, improving its EBITDA margin. The company managed to sustain profitability through cost control and efficiency-enhancing measures. Arçelik's management also shared its expectations for the second half of the year. Despite global economic uncertainties, the company aims to maintain its growth trend, leveraging its strong product portfolio and operational flexibility. This is not investment advice.

📊 ARCLK — Piyasa Yorumu

▲ up · 60%

Arçelik's announcement of a TL 1.49 billion net profit for the first half of the year indicates that the company's profitability performance met expectations. However, technical indicators paint a weak picture: the RSI is near the sell zone at 41, the MACD is below the signal line, and the price is trading below both the 20-day and 50-day moving averages. Although the news is positive, a stronger catalyst may be needed to overcome technical resistance levels. There is limited upside potential in the short term, but confirmation should be awaited for a trend reversal.

RSI 14

41.7

MACD

-0.34

24h Δ

0.87%

📊 GOOGL — Piyasa Yorumu

■ neutral · 30%

The news headline is related to Arçelik and does not directly impact GOOGL stock. In technical indicators, the RSI is neutral at 60, the MACD is positive but close to the signal line, and the price is above the SMA20 but near the SMA50. There is no clear directional signal in the short term, resulting in a neutral outlook.

RSI 14

60.0

MACD

1.13

24h Δ

4.29%

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