Fenerbahçe Futbol A.S. said its normalized net income for the fiscal third quarter ended Feb. 29 was a loss of 35 kurus per share, compared with a loss of 1.68 lira 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 8.7 million lira, compared with a loss of 41.9 million lira in the year-earlier period.
The normalized profit margin climbed to negative 6.0% from negative 51.8% in the year-earlier period.
Total revenue rose 77.3% on an annual basis to 143.4 million lira from 80.9 million lira, and total operating expenses increased 25.5% year over year to 144.9 million lira from 115.5 million lira.
Reported net income came to a loss of 13.9 million lira, or a loss of 56 kurus per share, compared to a loss of 66.9 million lira, or a loss of 2.67 lira per share, in the prior-year period.
As of April 11, US$1 was equivalent to 2.83 Turkish lira.
