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Bilici Yatirim Q4 profit climbs YOY

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Bilici Yatirim Q4 profit climbs YOY

Bilici Yatirim Sanayi ve Ticaret A.S. said its fourth-quarter normalized net income amounted to 10 kurus per share, a gain from 3 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 4.6 million lira, an increase from 1.5 million lira in the year-earlier period.

The normalized profit margin climbed to 22.3% from 10.1% in the year-earlier period.

Total revenue climbed 36.1% on an annual basis to 20.7 million lira from 15.2 million lira, and total operating expenses climbed 21.7% from the prior-year period to 17.4 million lira from 14.3 million lira.

Reported net income increased on an annual basis to 6.4 million lira, or 14 kurus per share, from 2.0 million lira, or 4 kurus per share.

For the year, the company's normalized net income totaled 15 kurus per share, an increase of 57.5% from 10 kurus per share in the prior year.

Normalized net income was 6.9 million lira, a gain of 57.5% from 4.4 million lira in the prior year.

Full-year total revenue increased 9.5% from the prior-year period to 86.7 million lira from 79.1 million lira, and total operating expenses rose 7.3% on an annual basis to 70.6 million lira from 65.8 million lira.

The company said reported net income increased 49.6% on an annual basis to 14.3 million lira, or 32 kurus per share, in the full year, from 9.6 million lira, or 21 kurus per share.

As of March 1, US$1 was equivalent to 2.95 Turkish lira.