trending Market Intelligence /marketintelligence/en/news-insights/trending/kCO6I6tXaKcPsrlN56PGlw2 content esgSubNav
In This List

Marti Otel Isletmeleri fiscal Q2 profit climbs 18.4% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Marti Otel Isletmeleri fiscal Q2 profit climbs 18.4% YOY

Marti Otel Isletmeleri AS said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 3 kurus per share, an increase of 18.4% from 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 2.6 million lira, an increase of 18.4% from 2.2 million lira in the prior-year period.

The normalized profit margin fell to 4.0% from 4.6% in the year-earlier period.

Total revenue increased 27.6% on an annual basis to 60.5 million lira from 47.4 million lira, and total operating expenses grew 44.4% from the prior-year period to 41.6 million lira from 28.8 million lira.

Reported net income grew from the prior-year period to 1.1 million lira, or 1 kurus per share, from 177,160 lira, or 0 kurus per share.

As of Nov. 19, US$1 was equivalent to 2.24 Turkish lira.