• Shares in Koza Altin drop around 4% after it posted a lower-than-expected Q1 profit

• The Turkey-based gold mine operator reports a net profit of 506.1 million lira ($13 million) vs a loss of 252.5 million in Q1 2024

• This is significantly below market expectations of 1.34 billion lira, brokerage Global Yatırım says

• "Higher gold prices supported revenues, but sharp increase in per-ounce monetary costs weighed heavily on operational profitability and bottom-line performance," the broker adds

• The company's stock is among the worst performers on Turkey's main BIST-100 index
($1 = 39.0273 liras)

(Reporting by Arda Dipova and Canan Sevgili)