trending Market Intelligence /marketintelligence/en/news-insights/trending/9wvbU4AmEsyaKcWOKbzxow2 content esgSubNav
In This List

Tukas Gida Sanayi ve Ticaret Q2 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


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.