Mish Dekorasyon Sanayi ve Ticaret AS said its normalized net income for the first quarter was 73 kurus per share, compared with a loss of 5 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 16.6 million lira, compared with a loss of 1.1 million lira in the year-earlier period.
The normalized profit margin climbed to 5,901.5% from negative 64.4% in the year-earlier period.
Total revenue decreased 83.5% year over year to 281,680 lira from 1.7 million lira.
Reported net income totaled 26.6 million lira, or 1.17 lira per share, compared to a loss of 1.7 million lira, or a loss of 8 kurus per share, in the prior-year period.
As of May 10, US$1 was equivalent to 2.94 Turkish lira.