trending Market Intelligence /marketintelligence/en/news-insights/trending/75NYD-SfAFzJ3O6bEp1MXQ2 content esgSubNav
In This List

Viking Pulp & Paper Q1 loss widens 19.8% YOY

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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Viking Pulp & Paper Q1 loss widens 19.8% YOY

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.