trending Market Intelligence /marketintelligence/en/news-insights/trending/K3ZvY8xqHOsM2-B2b_wxTQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Pinar Water swings to loss in Q3


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021


Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Pinar Water swings to loss in Q3

Pinar Su Sanayi ve Ticaret A.S. said its third-quarter normalized net income came to a loss of 7 kurus per share, compared with 2 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 3.3 million lira, compared with income of 242,920 lira in the prior-year period.

The normalized profit margin dropped to negative 4.1% from 0.5% in the year-earlier period.

Total revenue grew 6.1% year over year to 51.3 million lira from 48.4 million lira, and total operating expenses climbed 13.5% on an annual basis to 52.9 million lira from 46.6 million lira.

Reported net income totaled a loss of 5.1 million lira, or a loss of 11 kurus per share, compared to income of 534,300 lira, or 4 kurus per share, in the prior-year period.

As of Oct. 31, US$1 was equivalent to 3.10 Turkish lira.