Esem Spor Giyim Sanayi Ve Ticaret AS said its first-quarter normalized net income came to 180,660 lira, compared with a loss of 98,780 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 increased to 2.1% from negative 1.6% in the year-earlier period.
Total revenue increased 33.5% year over year to 8.4 million lira from 6.3 million lira, and total operating expenses increased 28.2% year over year to 8.3 million lira from 6.4 million lira.
Reported net income totaled 244,590 lira, compared with a loss of 45,840 lira, or a loss of 0 kurus per share, in the prior-year period.
As of May 11, US$1 was equivalent to 2.69 Turkish lira.
