trending Market Intelligence /marketintelligence/en/news-insights/trending/qMs32wYGmp0HOQr9Y1SUIw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

AVOD swings to profit in Q1

COVID: What’s the bottom line: Credit Impact of COVID-19 on US Municipals

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year

Research

2021 Global Private Equity Outlook

Research

EMEA Deal-Making Muted in Q4 2020, With No Mega Deals in Sight


AVOD swings to profit in Q1

AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi TAS said its first-quarter normalized net income was 2 kurus per share, compared with a loss of 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 824,190 lira, compared with a loss of 1.0 million lira in the year-earlier period.

The normalized profit margin rose to 3.5% from negative 4.7% in the year-earlier period.

Total revenue grew 6.4% year over year to 23.4 million lira from 22.0 million lira, and total operating expenses climbed from the prior-year period to 21.1 million lira from 20.4 million lira.

Reported net income totaled 2.0 million lira, or 4 kurus per share, compared to a loss of 1.6 million lira, or a loss of 5 kurus per share, in the prior-year period.

As of May 10, US$1 was equivalent to 2.94 Turkish lira.