Kent Gida Maddeleri Sanayii ve Ticaret AS said its normalized net income for the first quarter was 19 kurus per share, compared with a loss of 19 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 5.6 million lira, compared with a loss of 5.6 million lira in the year-earlier period.
The normalized profit margin rose to 4.2% from negative 4.3% in the year-earlier period.
Total revenue totaled 130.0 million lira, compared with 129.1 million lira in the year-earlier period, and total operating expenses decreased from the prior-year period to 134.2 million lira from 136.0 million lira.
Reported net income came to 5.9 million lira, or 20 kurus per share, compared to a loss of 8.7 million lira, or a loss of 30 kurus per share, in the prior-year period.
As of April 30, US$1 was equivalent to 2.68 Turkish lira.
