trending Market Intelligence /marketintelligence/en/news-insights/trending/TzXxGVFhETlVb4pYBMDOZQ2 content esgSubNav
In This List

Denizli Cam swings to loss in Q1

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

LCD Monthly Newsletter: September 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic


Denizli Cam swings to loss in Q1

Denizli Cam Sanayii ve Ticaret AS said its normalized net income for the first quarter came to a loss of 10 kurus per share, compared with 6 kurus per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 614,240 lira, compared with income of 360,470 lira in the year-earlier period.

The normalized profit margin dropped to negative 3.5% from 2.2% in the year-earlier period.

Total revenue climbed on an annual basis to 17.3 million lira from 16.6 million lira, and total operating expenses increased 12.0% from the prior-year period to 18.2 million lira from 16.2 million lira.

Reported net income came to a loss of 840,060 lira, or a loss of 14 kurus per share, compared to income of 519,250 lira, or 9 kurus per share, in the year-earlier period.

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