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Avrasya Petrol swings to profit in Q2

Avrasya Petrol ve Turistik Tesisler Yatirimlar Anonim Sirketi said its second-quarter normalized net income was 512,360 lira, compared with a loss of 96,450 lira in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 112.0% from negative 12.4% in the year-earlier period.

Total revenue came to 457,260 lira.

Reported net income came to a loss of 82,480 lira, or a loss of 0 kurus per share, compared to a loss of 1.1 million lira, or a loss of 2 kurus per share, in the prior-year period.

As of July 7, US$1 was equivalent to 2.69 Turkish lira.