Altin Yunus Çesme Turistik Tesisler AS said its normalized net income for the first quarter was a loss of 11 kurus per share, compared with a loss of 10 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 1.8 million lira, compared with a loss of 1.7 million lira in the year-earlier period.
The normalized profit margin fell to negative 75.5% from negative 72.3% in the year-earlier period.
Total revenue rose year over year to 2.4 million lira from 2.3 million lira, and total operating expenses increased 10.3% on an annual basis to 5.1 million lira from 4.7 million lira.
Reported net income totaled a loss of 2.9 million lira, or a loss of 17 kurus per share, compared to a loss of 2.6 million lira, or a loss of 15 kurus per share, in the year-earlier period.
As of April 30, US$1 was equivalent to 2.68 Turkish lira.
