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Penguen Gida Sanayi Q2 loss narrows YOY

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Penguen Gida Sanayi Q2 loss narrows YOY

4915775 said its normalized net income for the second quarter was a loss of 1 kurus per share, compared with a loss of 6 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 a loss of 758,610 lira, compared with a loss of 3.3 million lira in the prior-year period.

The normalized profit margin rose to negative 3.3% from negative 22.4% in the year-earlier period.

Total revenue rose 52.8% year over year to 22.8 million lira from 14.9 million lira, and total operating expenses grew 35.5% from the prior-year period to 23.4 million lira from 17.3 million lira.

eported net income totaled a loss of 632,250 lira, or a Penguen Gida Sanayi AS