4916483 said its fourth-quarter normalized net income came to a loss of 47,500 lira, compared with a loss of 985,950 lira in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 2.4% from negative 3.1% in the year-earlier period.
Total revenue rose 11.4% on an annual basis to 35.0 million lira from 31.4 million lira, and total operating expenses rose 10.9% on an annual basis to 34.3 million lira from 31.0 million lira.
Reported net income came to 92,090 lira, or 0 kurus per share, compared to a loss of 1.3 million lira, or a loss of 11 kurus per share, in the prior-year period.
For the year, the company's normalized net income totaled a loss of 72 kurus per share, compared with a loss of 36 kurus per share in the prior year.
Normalized net income was a loss of 13.9 million lira, compared with a loss of 4.2 million lira in the prior year.
Full-year total revenue rose 5.7% year over year to 132.7 million lira from 125.5 million lira, and total operating expenses rose 5.9% year over year to 131.6 million lira from 124.3 million lira.
he company said reported net income totaled a loss of Viking Kagit ve Selüloz AS