Carrefour SA Carrefour Sabanci Ticaret Merkezi AS said its normalized net income for the first quarter came to 78.8 million lira, an increase from 3.7 million 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 climbed to 10.1% from 0.5% in the year-earlier period.
Total revenue rose 11.5% year over year to 778.6 million lira from 698.1 million lira, and total operating expenses increased 15.3% from the prior-year period to 783.4 million lira from 679.4 million lira.
Reported net income rose from the prior-year period to 112.7 million lira, or 16 kurus per share, from 3.7 million lira, or 1 kurus per share.
As of May 5, US$1 was equivalent to 2.71 Turkish lira.
