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Carrefoursa swings to loss in Q4

4912458 said its normalized net income for the fourth quarter amounted to a loss of 8 kurus per share, compared with 5 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 57.2 million lira, compared with income of 36.9 million lira in the prior-year period.

The normalized profit margin declined to negative 4.9% from 4.5% in the year-earlier period.

Total revenue grew 42.4% on an annual basis to 1.18 billion lira from 829.4 million lira, and total operating expenses rose 48.5% on an annual basis to 1.22 billion lira from 822.4 million lira.

Reported net income totaled a loss of 92.8 million lira, or a loss of 13 kurus per share, compared to income of 90.6 million lira, or 13 kurus per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 2 kurus per share, compared with 7 kurus per share in the prior year.

Normalized net income was a loss of 13.4 million lira, compared with income of 46.1 million lira in the prior year.

Full-year total revenue increased 25.8% from the prior-year period to 3.93 billion lira from 3.13 billion lira, and total operating expenses increased 29.8% on an annual basis to 3.97 billion lira from 3.06 billion lira.

he company said reported net income totaled a loss of CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S.