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Metemtur Otelcilik ve Tur Q2 loss widens YOY

Metemtur Otelcilik ve Turizm Isletmeleri AS said its normalized net income for the second quarter came to a loss of 1.1 million lira, compared with a loss of 46,420 lira in the prior-year period.

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

Reported net income came to a loss of 2.3 million lira, or a loss of 13 kurus per share, compared to income of 39,990 lira, or 0 kurus per share, in the prior-year period.

As of Aug. 10, US$1 was equivalent to 2.79 Turkish lira.