trending Market Intelligence /marketintelligence/en/news-insights/trending/npzxy4QFJj8JwtRUaSjeWA2 content esgSubNav
In This List

Karsu Tekstil swings to loss in Q2


Global M&A By the Numbers: Q3 2021


Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors


Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data

Karsu Tekstil swings to loss in Q2

Karsu Tekstil Sanayii ve Ticaret AS said its normalized net income for the second quarter was a loss of 7 kurus per share, compared with 1 kurus per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 2.4 million lira, compared with income of 395,040 lira in the prior-year period.

The normalized profit margin fell to negative 7.8% from 1.7% in the year-earlier period.

Total revenue climbed 33.7% on an annual basis to 30.9 million lira from 23.1 million lira, and total operating expenses climbed 43.5% on an annual basis to 27.1 million lira from 18.9 million lira.

Reported net income totaled a loss of 3.8 million lira, or a loss of 11 kurus per share, compared to income of 662,250 lira, or 2 kurus per share, in the prior-year period.

As of Aug. 10, US$1 was equivalent to 2.79 Turkish lira.