trending Market Intelligence /marketintelligence/en/news-insights/trending/5w7SZ3lXllFI2O-wqZIwgw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Marti Otel Isletmeleri swings to loss in fiscal Q2

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 1: Origins of 451 Research - Part 1


Marti Otel Isletmeleri swings to loss in fiscal Q2

Marti Otel Isletmeleri AS said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of 5 kurus per share, compared with 3 kurus per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 4.2 million lira, compared with income of 2.4 million lira in the year-earlier period.

The normalized profit margin dropped to 1.0% from 4.0% in the year-earlier period.

Total revenue declined 7.1% year over year to 56.2 million lira from 60.5 million lira, and total operating expenses climbed 10.4% from the prior-year period to 45.9 million lira from 41.6 million lira.

Reported net income came to a loss of 15.8 million lira, or a loss of 18 kurus per share, compared to income of 1.1 million lira, or 1 kurus per share, in the prior-year period.

As of Nov. 19, US$1 was equivalent to 2.84 Turkish lira.