trending Market Intelligence /marketintelligence/en/news-insights/trending/NcW53yhcBj6cox2p_r_15A2 content esgSubNav
In This List

Hateks Q2 profit falls YOY

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation


Hateks Q2 profit falls YOY

Hateks Hatay Tekstil Isletmeleri AS said its normalized net income for the second quarter amounted to 141,480 lira, a decline of 78.4% from 654,790 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 fell to 0.5% from 2.2% in the year-earlier period.

Total revenue fell year over year to 28.7 million lira from 30.0 million lira, and total operating expenses decreased 5.5% from the prior-year period to 27.9 million lira from 29.5 million lira.

Reported net income rose 14.1% on an annual basis to 430,040 lira, or 2 kurus per share, from 376,810 lira, or 2 kurus per share.

As of Aug. 18, US$1 was equivalent to 2.93 Turkish lira.