trending Market Intelligence /marketintelligence/en/news-insights/trending/HUuzP8EXMaEj7OO4HK8N0g2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Penguen Gida Sanayi swings to loss in Q1


OTT players find great value in partnerships but still prefer direct-to-consumer


Episode 10: Cloud Pricing & Complexity


Tracking Credit Risk at a Major U.S. Retailer


Global console, mobile and PC gaming drives $175B in content revenue in 2020

Penguen Gida Sanayi swings to loss in Q1

Penguen Gida Sanayi AS said its first-quarter normalized net income amounted to a loss of 2 kurus per share, compared with 2 kurus per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.3 million lira, compared with income of 872,010 lira in the year-earlier period.

The normalized profit margin declined to negative 5.1% from 4.0% in the year-earlier period.

Total revenue climbed 18.5% on an annual basis to 25.6 million lira from 21.6 million lira, and total operating expenses grew 35.0% on an annual basis to 25.9 million lira from 19.2 million lira.

Reported net income came to a loss of 2.2 million lira, or a loss of 4 kurus per share, compared to income of 659,070 lira, or 1 kurus per share, in the prior-year period.

As of May 10, US$1 was equivalent to 2.94 Turkish lira.