trending Market Intelligence /marketintelligence/en/news-insights/trending/bAYcGPwYem1pbqX_JW4XrQ2 content esgSubNav
In This List

Karsu Tekstil Q3 loss narrows YOY

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure

Blog

Automating Credit Risk Surveillance Using Statistical Models

Case Study

Searching for Alpha with Textual Data


Karsu Tekstil Q3 loss narrows YOY

Karsu Tekstil Sanayii ve Ticaret AS said its third-quarter normalized net income was a loss of 6 kurus per share, compared with a loss of 22 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 2.2 million lira, compared with a loss of 7.7 million lira in the year-earlier period.

The normalized profit margin climbed to negative 7.4% from negative 30.2% in the year-earlier period.

Total revenue climbed 18.1% on an annual basis to 30.0 million lira from 25.4 million lira, and total operating expenses increased 24.8% on an annual basis to 24.5 million lira from 19.6 million lira.

Reported net income came to a loss of 3.5 million lira, or a loss of 10 kurus per share, compared to a loss of 12.5 million lira, or a loss of 36 kurus per share, in the year-earlier period.

As of Oct. 31, US$1 was equivalent to 3.10 Turkish lira.