trending Market Intelligence /marketintelligence/en/news-insights/trending/Ij9eWWzE8zoR0puE4ZKXGQ2 content esgSubNav
In This List

Izmir Firça swings to loss in Q3

PODCAST

Episode 18: Data that Delivers

PODCAST

Episode 19: Network Transformation

Case Study

Identifying PPE Suppliers During the Pandemic

Case Study

A Government Agency Sharpens Its Focus On Transfer Pricing Strategies


Izmir Firça swings to loss in Q3

Izmir Firça Sanayi ve Ticaret AS said its normalized net income for the third quarter was a loss of 127,900 lira, compared with income of 47,520 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 declined to negative 3.1% from 1.5% in the year-earlier period.

Total revenue rose 26.3% on an annual basis to 4.1 million lira from 3.3 million lira, and total operating expenses rose 26.8% year over year to 4.1 million lira from 3.2 million lira.

Reported net income totaled a loss of 210,320 lira, or a loss of 1 kurus per share, compared to income of 149,420 lira, or 1 kurus per share, in the year-earlier period.

As of Nov. 12, US$1 was equivalent to 2.87 Turkish lira.