trending Market Intelligence /marketintelligence/en/news-insights/trending/fJ1wG48KNaG3I2Q_phsdGQ2 content esgSubNav
In This List

Kent Gida Maddeleri swings to profit in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Kent Gida Maddeleri swings to profit in Q1

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.