Turkish steelmaker Kardemir slides after surprise Q2 loss
** Shares in Kardemir KRDMD.IS fall 5.8% after the Turkey-based company that produces iron, steel and coke products and their derivatives swung to a surprise loss in Q2
** Kardemir reports Q2 net loss of 927.2 million lira ($27.3 million) vs profit of 298.0 million lira a year earlier
** Consensus was expecting a profit of 427.1 million lira, brokerage Yatirim Finansman says
** Yatirim Finansman also notes a sharp 84% drop in EBITDA to 520 million lira, vs 1.73 billion expected by consensus, with weak margins in the first half of the year
** Analysts at Ak Yatirim highlight higher foreign exchange rate difference costs and high cash costs as main reasons for the earnings miss
** Kardemir is the second worst performer on Istanbul's main BIST 100 index .XU100 which is down 0.35%
($1 = 34.0201 liras)
Reporting by Canan Sevgili and Miraç Eren Dereli
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