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Etiler Gida Ve Ticari Yatirimlar Q3 profit climbs YOY

Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi said its third-quarter normalized net income amounted to 8 kurus per share, a gain from 3 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 872,120 lira, a gain from 382,410 lira in the year-earlier period.

The normalized profit margin dropped to 156.3% from 552.4% in the year-earlier period.

Total revenue increased on an annual basis to 558,070 lira from 69,230 lira.

Reported net income grew on an annual basis to 1.4 million lira, or 12 kurus per share, from 650,870 lira, or 6 kurus per share.

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