trending Market Intelligence /marketintelligence/en/news-insights/trending/etp5l5q1tufyxPJRHs358A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Merko Gida 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

Merko Gida Q2 profit falls YOY

Merko Gida Sanayi ve Ticaret AS said its normalized net income for the second quarter amounted to 2 kurus per share, a decline of 77.1% from 8 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 493,370 lira, a decrease of 77.1% from 2.2 million lira in the year-earlier period.

The normalized profit margin fell to 2.3% from 5.5% in the year-earlier period.

Total revenue fell 45.3% year over year to 21.5 million lira from 39.3 million lira, and total operating expenses decreased 43.1% year over year to 20.4 million lira from 35.9 million lira.

Reported net income declined 67.8% on an annual basis to 794,090 lira, or 3 kurus per share, from 2.5 million lira, or 9 kurus per share.

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