trending Market Intelligence /marketintelligence/en/news-insights/trending/8ip7AFY711L9gBElIe0yqQ2 content esgSubNav
In This List

Royal Hali Iplik Tekstil Q1 profit falls 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

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


Royal Hali Iplik Tekstil Q1 profit falls YOY

Royal Hali Iplik Tekstil Mobilya Sanayi Ve Ticaret AS said its normalized net income for the first quarter was 8 kurus per share, a decline of 24.9% from 11 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 5.1 million lira, a decrease of 24.9% from 6.7 million lira in the year-earlier period.

The normalized profit margin fell to 7.6% from 8.1% in the year-earlier period.

Total revenue decreased 19.5% year over year to 66.7 million lira from 82.8 million lira, and total operating expenses declined 16.3% from the prior-year period to 61.4 million lira from 73.4 million lira.

Reported net income decreased 20.2% year over year to 7.4 million lira, or 12 kurus per share, from 9.3 million lira, or 16 kurus per share.

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