Bossa Ticaret ve Sanayi Isletmeleri T. AS said its normalized net income for the fourth quarter came to 11 kurus per share, compared with a loss of 5 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 12.4 million lira, compared with a loss of 4.9 million lira in the year-earlier period.
The normalized profit margin rose to 11.1% from negative 5.2% in the year-earlier period.
Total revenue grew 17.6% on an annual basis to 111.4 million lira from 94.7 million lira, and total operating expenses totaled 99.2 million lira, compared with 99.8 million lira in the prior-year period.
Reported net income came to 15.7 million lira, or 14 kurus per share, compared to a loss of 10.6 million lira, or a loss of 10 kurus per share, in the year-earlier period.
For the year, the company's normalized net income totaled 15 kurus per share, an increase of 90.0% from 8 kurus per share in the prior year.
Normalized net income was 16.0 million lira, an increase of 76.5% from 9.1 million lira in the prior year.
Full-year total revenue fell year over year to 374.6 million lira from 391.8 million lira, and total operating expenses declined 8.3% on an annual basis to 341.9 million lira from 373.0 million lira.
The company said reported net income rose on an annual basis to 21.8 million lira, or 20 kurus per share, in the full year, from 7.0 million lira, or 6 kurus per share.
As of March 10, US$1 was equivalent to 2.90 Turkish lira.