Koç Holding AS said its third-quarter normalized net income amounted to 8 kurus per share, compared with the S&P Capital IQ consensus estimate of 24 kurus per share.
EPS climbed 39.4% year over year from 6 kurus.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 207.3 million lira, an increase of 39.4% from 148.7 million lira in the prior-year period.
The normalized profit margin rose to 1.1% from 0.8% in the year-earlier period.
Total revenue came to 19.15 billion lira, compared with 19.13 billion lira in the year-earlier period, and total operating expenses fell on an annual basis to 17.56 billion lira from 18.22 billion lira.
Reported net income rose 31.5% from the prior-year period to 892.5 million lira, or 35 kurus per share, from 678.6 million lira, or 27 kurus per share.
As of Nov. 17, US$1 was equivalent to 2.87 Turkish lira.
