Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, was 1.11 Turkish lira per share, compared with a loss of 45 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 24.0 million lira, compared with a loss of 9.7 million lira in the year-earlier period.
The normalized profit margin climbed to 15.8% from negative 10.1% in the year-earlier period.
Total revenue increased 61.5% year over year to 155.7 million lira from 96.4 million lira, and total operating expenses rose 15.8% on an annual basis to 115.2 million lira from 99.5 million lira.
Reported net income totaled 38.4 million lira, or 1.78 lira per share, compared to a loss of 24.7 million lira, or a loss of 1.14 lira per share, in the year-earlier period.
As of Jan. 19, US$1 was equivalent to 3.04 Turkish lira.
