trending Market Intelligence /marketintelligence/en/news-insights/trending/iB0q8qhRTb0M90LBvfnP0g2 content esgSubNav
In This List

Konfrut Gida Sanayi ve Ticaret Q2 profit falls YOY

Blog

Investment Banking Essentials Newsletter: October Edition, Part - 2

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Global M&A By the Numbers: Q3 2021

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors


Konfrut Gida Sanayi ve Ticaret Q2 profit falls YOY

Konfrut Gida Sanayi ve Ticaret AS said its second-quarter normalized net income came to 12 kurus per share, a decrease of 74.0% from 46 kurus per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 789,510 lira, a decline of 74.0% from 3.0 million lira in the prior-year period.

The normalized profit margin dropped to 6.8% from 14.2% in the year-earlier period.

Total revenue decreased 45.5% on an annual basis to 11.6 million lira from 21.3 million lira, and total operating expenses decreased 36.0% on an annual basis to 10.6 million lira from 16.6 million lira.

Reported net income declined 74.6% on an annual basis to 983,850 lira, or 15 kurus per share, from 3.9 million lira, or 59 kurus per share.

As of Aug. 10, US$1 was equivalent to 2.79 Turkish lira.