trending Market Intelligence /marketintelligence/en/news-insights/trending/XkWZ5NBWS6Wn2aT3TfGLcg2 content esgSubNav
In This List

Avrasya Petrol Q2 profit falls YOY

Video

According to Market Intelligence, December 2022

Podcast

Private Markets 360° | Episode 1: The role of ESG in Private Equity

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Investment Research Coverage of Inflation and Recession-Focused Topics on the Rise


Avrasya Petrol Q2 profit falls YOY

Avrasya Petrol ve Turistik Tesisler Yatirimlar Anonim Sirketi said its normalized net income for the second quarter amounted to 38,340 lira, a decline of 92.5% from 512,360 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 7.9% from 112.0% in the year-earlier period.

Total revenue climbed 39.1% on an annual basis to 635,970 lira from 457,260 lira.

Reported net income totaled a loss of 2.0 million lira, or a loss of 5 kurus per share, compared to a loss of 82,480 lira, or a loss of 0 kurus per share, in the prior-year period.

As of July 29, US$1 was equivalent to 2.99 Turkish lira.