Dardanel Onentas Gida Sanayi AS said its normalized net income for the second quarter amounted to 5.0 million lira, an increase from 358,010 lira in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 7.8% from 0.7% in the year-earlier period.

Total revenue grew 27.6% on an annual basis to 63.4 million lira from 49.7 million lira, and total operating expenses increased 34.8% from the prior-year period to 55.0 million lira from 40.8 million lira.

Reported net income grew year over year to 8.0 million lira, or 15 kurus per share, from 590,300 lira, or 1 kurus per share.

As of Aug. 19, US$1 was equivalent to 2.93 Turkish lira.