trending Market Intelligence /marketintelligence/en/news-insights/trending/9wvbU4AmEsyaKcWOKbzxow2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Tukas Gida Sanayi ve Ticaret Q2 profit falls YOY

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Tukas Gida Sanayi ve Ticaret Q2 profit falls YOY

Tukas Gida Sanayi ve Ticaret AS said its normalized net income for the second quarter came to 866,690 lira, a decline of 90.3% from 9.0 million lira in the year-earlier period.

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

The normalized profit margin dropped to 1.4% from 18.0% in the year-earlier period.

Total revenue grew 21.2% year over year to 60.2 million lira from 49.7 million lira, and total operating expenses climbed 72.9% from the prior-year period to 55.2 million lira from 31.9 million lira.

Reported net income declined 95.6% year over year to 1.6 million lira, or 1 kurus per share, from 35.4 million lira, or 13 kurus per share.

As of Aug. 12, US$1 was equivalent to 2.95 Turkish lira.