trending Market Intelligence /marketintelligence/en/news-insights/trending/BxCuao3rVC3sDZG2yD20BA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Vestel Elektronik Q2 profit falls YOY

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Industry Top Trends 2021: Metals and Mining

TMT News & Research: 2020 Recap

Blog

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


Vestel Elektronik Q2 profit falls YOY

Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi said its second-quarter normalized net income was 6 kurus per share, a decrease of 61.5% from 15 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 19.3 million lira, a decrease of 61.5% from 50.2 million lira in the prior-year period.

The normalized profit margin declined to 1.0% from 2.6% in the year-earlier period.

Total revenue totaled 1.93 billion lira, compared with 1.92 billion lira in the prior-year period, and total operating expenses totaled 1.80 billion lira, compared with 1.82 billion lira in the year-earlier period.

Reported net income fell 45.4% year over year to 41.7 million lira, or 12 kurus per share, from 76.4 million lira, or 23 kurus per share.

As of Aug. 11, US$1 was equivalent to 2.78 Turkish lira.