trending Market Intelligence /marketintelligence/en/news-insights/trending/VvOg4AFKhoQFJbo-oLrA7A2 content esgSubNav
In This List

Vestel Elektronik Q2 profit climbs YOY

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha


Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023


Battery metals - unbated long term need for supply security despite short-term headwinds


Street Talk | Episode 116: Early remediation, not Basel III endgame, the answer to avoid repeat of spring 2023 bank failures

Vestel Elektronik Q2 profit climbs YOY

Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi said its second-quarter normalized net income came to 12 kurus per share, an increase from 6 kurus per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 39.2 million lira, a gain from 19.3 million lira in the year-earlier period.

The normalized profit margin rose to 1.6% from 1.0% in the year-earlier period.

Total revenue increased 24.3% year over year to 2.40 billion lira from 1.93 billion lira, and total operating expenses rose 26.4% on an annual basis to 2.28 billion lira from 1.80 billion lira.

Reported net income rose 65.1% year over year to 68.9 million lira, or 21 kurus per share, from 41.7 million lira, or 12 kurus per share.

As of Aug. 12, US$1 was equivalent to 2.95 Turkish lira.