trending Market Intelligence /marketintelligence/en/news-insights/trending/CciuxSF5T06JJhvDo6E6rA2 content esgSubNav
In This List

Birlik Mensucat Q2 loss widens 16.8% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Birlik Mensucat Q2 loss widens 16.8% YOY

Birlik Mensucat Ticaret ve Sanayi Isletmesi AS said its second-quarter normalized net income was a loss of 5 kurus per share, compared with a loss of 4 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 830,810 lira, compared with a loss of 711,320 lira in the prior-year period.

The normalized profit margin declined to negative 19.7% from negative 17.9% in the year-earlier period.

Total revenue increased 6.1% year over year to 4.2 million lira from 4.0 million lira, and total operating expenses rose 7.5% on an annual basis to 4.7 million lira from 4.4 million lira.

Reported net income came to a loss of 1.3 million lira, or a loss of 8 kurus per share, compared to a loss of 1.1 million lira, or a loss of 7 kurus per share, in the year-earlier period.

As of Aug. 18, US$1 was equivalent to 2.93 Turkish lira.