trending Market Intelligence /marketintelligence/en/news-insights/trending/hm5bS9LfkLq46PBCTRmHFw2 content esgSubNav
In This List

Kipa Ticaret fiscal Q2 loss widens 89.9% YOY

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity

Blog

2023 Big Picture: US Consumer Survey Results

Blog

Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise


Kipa Ticaret fiscal Q2 loss widens 89.9% YOY

Kipa Ticaret AS said its normalized net income for the fiscal second quarter ended Aug. 30 came to a loss of 3 kurus per share, compared with a loss of 2 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 a loss of 45.0 million lira, compared with a loss of 23.7 million lira in the prior-year period.

Total revenue grew 7.6% on an annual basis to 619.4 million lira from 575.6 million lira, and total operating expenses rose 13.7% year over year to 682.4 million lira from 600.1 million lira.

Reported net income totaled a loss of 77.0 million lira, or a loss of 6 kurus per share, compared to a loss of 41.2 million lira, or a loss of 3 kurus per share, in the year-earlier period.

As of Oct. 12, US$1 was equivalent to 2.92 Turkish lira.