trending Market Intelligence /marketintelligence/en/news-insights/trending/Qr5Fa4ZJB7j1b6QiWUW48Q2 content esgSubNav
In This List

Adadolu Efes Biracilik vs Malt Sanayii Q1 loss widens 74.2% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Adadolu Efes Biracilik vs Malt Sanayii Q1 loss widens 74.2% YOY

Adadolu Efes Biracilik vs Malt Sanayii AS said its normalized net income for the first quarter was a loss of 21 kurus per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 kurus per share.

The per-share loss increased 74.2% year over year from 12 kurus.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 125.0 million lira, compared with a loss of 71.8 million lira in the year-earlier period.

The normalized profit margin declined to negative 6.5% from negative 3.6% in the year-earlier period.

Total revenue declined year over year to 1.93 billion lira from 2.01 billion lira, and total operating expenses decreased 6.1% year over year to 1.84 billion lira from 1.96 billion lira.

Reported net income totaled a loss of 212.0 million lira, or a loss of 36 kurus per share, compared to a loss of 99.6 million lira, or a loss of 17 kurus per share, in the prior-year period.

As of May 7, US$1 was equivalent to 2.69 Turkish lira.