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Ulker Group Q3 profit climbs 18.6% YOY

4255930 said its third-quarter normalized net income was 16 kurus per share, compared with the S&P Capital IQ consensus estimate of 16 kurus per share.

EPS rose 22.4% year over year from 13 kurus.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 55.8 million lira, a gain of 18.6% from 47.1 million lira in the prior-year period.

The normalized profit margin rose to 6.6% from 5.7% in the year-earlier period.

Total revenue totaled 814.7 million lira, compared with 821.8 million lira in the year-earlier period, and total operating expenses declined year over year to 723.6 million lira from 731.5 million lira.

eported net income rose 10.8% year over year to 54 Ülker Bisküvi Sanayi A.S..