trending Market Intelligence /marketintelligence/en/news-insights/trending/r1jmZ2xAYeflQU464vHKLA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Tukas Gida Sanayi ve Ticaret swings to profit in Q2

Capital Markets View – February 2021

Blog

TMT News & Insights: February 2021

Blog

Whats on the Horizon for the Cruise Hotel Resorts Sector

Blog

Latin America multichannel broadband market 2020 recap


Tukas Gida Sanayi ve Ticaret swings to profit in Q2

Tukas Gida Sanayi ve Ticaret AS said its normalized net income for the second quarter came to 3 kurus per share, compared with a loss of 1 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 9.0 million lira, compared with a loss of 1.4 million lira in the year-earlier period.

The normalized profit margin rose to 18.0% from negative 4.2% in the year-earlier period.

Total revenue grew 48.0% on an annual basis to 49.7 million lira from 33.6 million lira, and total operating expenses fell 17.7% on an annual basis to 31.9 million lira from 38.8 million lira.

Reported net income came to 35.4 million lira, or 13 kurus per share, compared to a loss of 2.3 million lira, or a loss of 2 kurus per share, in the year-earlier period.

As of Aug. 6, US$1 was equivalent to 2.78 Turkish lira.