Ulaslar Turizm Yatirimlari ve Dayanikli Tüketim Mallari Ticaret Pazarlama AS said its normalized net income for the first quarter amounted to 14 kurus per share, compared with a loss of 13 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 1.5 million lira, compared with a loss of 1.5 million lira in the year-earlier period.
The normalized profit margin was 27,416.0%.
Total revenue declined 7.7% on an annual basis to 5,630 lira from 6,100 lira.
Reported net income totaled 2.5 million lira, or 23 kurus per share, compared to a loss of 2.3 million lira, or a loss of 21 kurus per share, in the prior-year period.
As of May 2, US$1 was equivalent to 2.80 Turkish lira.