Anadolu Efes Storms Back In Q2

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After foreign exchange losses and debt-servicing expenses incurred in Q109 (through to March 31) forced Turkey-based beverage behemoth Anadolu Efes to report a net loss of TRY25.2mn (US$16.8mn), the soft and alcoholic drinks major rebounded back into the black in Q2. Anadolu Efes recorded above consensus second quarter net income of TRY251.4mn, representing a sharp 35% year-on-year (y-o-y) increase.