Tukas Gida Sanayi ve Ticaret AS said its normalized net income for the third quarter came to 6.0 million lira, compared with a loss of 421,360 lira in the year-earlier period.

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

The normalized profit margin climbed to 10.8% from negative 1.2% in the year-earlier period.

Total revenue rose 59.1% year over year to 55.7 million lira from 35.0 million lira, and total operating expenses climbed 60.5% from the prior-year period to 47.0 million lira from 29.3 million lira.

Reported net income totaled 8.5 million lira, or 3 kurus per share, compared to a loss of 964,150 lira, or a loss of 0 kurus per share, in the prior-year period.

As of Nov. 3, US$1 was equivalent to 3.12 Turkish lira.