trending Market Intelligence /marketintelligence/en/news-insights/trending/QST3DAKE6xxzzmdSUz8V9Q2 content esgSubNav
In This List

Tek-Art Turizm Q1 loss narrows YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Tek-Art Turizm Q1 loss narrows YOY

Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar AS said its normalized net income for the first quarter came to a loss of 103,120 lira, compared with a loss of 2.4 million lira in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 30.7%.

Total revenue climbed 54.9% on an annual basis to 335,890 lira from 216,890 lira, and total operating expenses decreased 37.4% from the prior-year period to 1.7 million lira from 2.7 million lira.

Reported net income came to a loss of 142,160 lira, or a loss of 0 kurus per share, compared to a loss of 3.1 million lira, or a loss of 2 kurus per share, in the prior-year period.

As of May 2, US$1 was equivalent to 2.80 Turkish lira.