trending Market Intelligence /marketintelligence/en/news-insights/trending/gGaWqPT3InZm4hJrCdDJYA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Bimeks Bilgi Islem Ve Dis Ticaret swings to loss in Q2

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

What’s next in Cloud?

Blog

Global M&A Infographic Q1 2021

Blog

COVID-19 Impact & Recovery: Private Equity


Bimeks Bilgi Islem Ve Dis Ticaret swings to loss in Q2

Bimeks Bilgi Islem Ve Dis Ticaret AS said its second-quarter normalized net income was a loss of 701,930 lira, compared with income of 3.5 million lira in the prior-year period.

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

The normalized profit margin dropped to negative 0.2% from 1.2% in the year-earlier period.

Total revenue climbed 35.3% year over year to 397.4 million lira from 293.7 million lira, and total operating expenses climbed 36.9% on an annual basis to 389.2 million lira from 284.3 million lira.

Reported net income came to a loss of 191,650 lira, or a loss of 0 kurus per share, compared to income of 5.5 million lira, or 5 kurus per share, in the year-earlier period.

As of Aug. 18, US$1 was equivalent to 2.90 Turkish lira.