Dagi Giyim Sanayi ve Ticaret AS said its normalized net income for the first quarter came to 2.1 million lira, compared with a loss of 225,090 lira in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 2.5% from negative 1.3% in the year-earlier period.
Total revenue grew 24.2% on an annual basis to 21.6 million lira from 17.4 million lira, and total operating expenses climbed 17.6% from the prior-year period to 18.4 million lira from 15.7 million lira.
Reported net income fell 92.4% on an annual basis to 268,350 lira, or 1 kurus per share, from 3.5 million lira, or 8 kurus per share.
As of April 29, US$1 was equivalent to 2.65 Turkish lira.
