Teknosa Iç ve Dis Ticaret AS said its normalized net income for the first quarter was a loss of 7 kurus per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 kurus per share.
The per-share loss widened year over year from 2 kurus.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 8.0 million lira, compared with a loss of 2.8 million lira in the year-earlier period.
The normalized profit margin declined to negative 1.2% from negative 0.4% in the year-earlier period.
Total revenue fell on an annual basis to 665.6 million lira from 681.6 million lira, and total operating expenses declined from the prior-year period to 673.0 million lira from 685.3 million lira.
Reported net income came to a loss of 10.3 million lira, or a loss of 9 kurus per share, compared to a loss of 3.8 million lira, or a loss of 3 kurus per share, in the prior-year period.
As of May 4, US$1 was equivalent to 2.71 Turkish lira.
