trending Market Intelligence /marketintelligence/en/news-insights/trending/51J2wA2HxgQrMvJbqoHhOw2 content esgSubNav
In This List

Silverline Endustri swings to loss in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Silverline Endustri swings to loss in Q1

Silverline Endustri ve Ticaret AS said its first-quarter normalized net income amounted to a loss of 1 kurus per share, compared with 1 kurus per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 321,900 lira, compared with income of 403,820 lira in the year-earlier period.

The normalized profit margin dropped to negative 1.1% from 1.4% in the year-earlier period.

Total revenue increased year over year to 29.1 million lira from 28.7 million lira, and total operating expenses grew 9.8% year over year to 29.3 million lira from 26.7 million lira.

Reported net income came to a loss of 574,900 lira, or a loss of 2 kurus per share, compared to income of 767,130 lira, or 3 kurus per share, in the prior-year period.

As of May 11, US$1 was equivalent to 2.69 Turkish lira.