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Yonga Mobilya H2 profit climbs YOY

4913506 said its second-half normalized net income came to 18.25 Turkish lira per share, an increase from 5.62 lira per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.8 million lira, a gain from 1.2 million lira in the year-earlier period.

Total revenue increased 46.7% year over year to 26.2 million lira from 17.8 million lira, and total operating expenses grew 25.0% on an annual basis to 19.9 million lira from 15.9 million lira.

Reported net income increased from the prior-year period to 4.9 million lira, or 23.36 lira per share, from 1.5 million lira, or 7.13 lira per share.

For the year, the company's normalized net income totaled 30.89 lira per share, an increase of 69.4% from 18.23 lira per share in the prior year.

Normalized net income was 6.5 million lira, a gain of 69.4% from 3.8 million lira in the prior year.

Full-year total revenue rose 24.3% on an annual basis to 51.3 million lira from 41.2 million lira, and total operating expenses grew 16.4% on an annual basis to 40.7 million lira from 35.0 million lira.

he company said reported net income rose 69.8% on Yonga Mobilya Sanayi ve TAS.