Viking Kagit ve Selüloz AS said its normalized net income for the first quarter came to a loss of 19 kurus per share, compared with a loss of 16 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 2.2 million lira, compared with a loss of 1.8 million lira in the year-earlier period.
The normalized profit margin dropped to negative 7.2% from negative 6.0% in the year-earlier period.
Total revenue came to 30.5 million lira, compared with 30.4 million lira in the prior-year period, and total operating expenses rose year over year to 30.2 million lira from 29.3 million lira.
Reported net income totaled a loss of 3.5 million lira, or a loss of 30 kurus per share, compared to a loss of 3.0 million lira, or a loss of 25 kurus per share, in the prior-year period.
As of April 30, US$1 was equivalent to 2.68 Turkish lira.
