trending Market Intelligence /marketintelligence/en/news-insights/trending/FjythY4Xzc8IuH-cZJkycQ2 content esgSubNav
In This List

Bisas Tekstil swings to loss 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Bisas Tekstil swings to loss in Q1

Bisas Tekstil Sanayi ve Ticaret AS said its first-quarter normalized net income amounted to a loss of 686,580 lira, compared with income of 32,410 lira in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue decreased 16.6% on an annual basis to 2.3 million lira from 2.7 million lira, and total operating expenses climbed 25.8% year over year to 3.3 million lira from 2.6 million lira.

Reported net income totaled a loss of 884,540 lira, or a loss of 4 kurus per share, compared to income of 21,840 lira, or 0 kurus per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 2.65 Turkish lira.