** Shares of Vestel Elektronik 
VESTL drops about 3% after the Turkish household electronics company reported a larger-than-feared Q1 loss
** Vestel Elektronik, a subsidiary of a large Turkish conglomerate Zorlu Holding, reported a first-quarter net loss of 5.08 billion lira ($130.93 million), widening from 298.3 million lira a year earlier
** Brokerage Global Yatirim states Vestel’s bottomline missed the consensus forecast of a loss of 1.74 billion lira
** Despite a decline in deferred tax expenses, a sharp increase in foreign exchange and interest costs led to a net loss, Global Yatirim says
** Vestel Elektronik currently sits among the worst performers in main BIST 100 index 
XU100 which is down 0.6%
** Including today’s drop, the stock has lost more than 30% YTD
($1 = 38.7996 liras)