trending Market Intelligence /marketintelligence/en/news-insights/trending/aozCJ2PHRhDL8jXBIvY0Sg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Pinar Milk Q2 profit falls YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Pinar Milk Q2 profit falls YOY

Pinar Süt Mamülleri Sanayii AS said its normalized net income for the second quarter was 11 kurus per share, a decrease of 39.3% from 18 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 5.0 million lira, a decline of 39.3% from 8.2 million lira in the prior-year period.

The normalized profit margin fell to 2.0% from 3.5% in the year-earlier period.

Total revenue rose 6.3% on an annual basis to 250.6 million lira from 235.7 million lira, and total operating expenses increased 7.0% year over year to 242.3 million lira from 226.4 million lira.

Reported net income declined 52.2% from the prior-year period to 7.5 million lira, or 17 kurus per share, from 15.6 million lira, or 35 kurus per share.

As of Aug. 10, US$1 was equivalent to 2.79 Turkish lira.