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Kristal Kola Q3 profit climbs 70.4% YOY

4912359 said its third-quarter normalized net income came to 3 kurus per share, a gain of 70.4% from 1 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 1.2 million lira, a gain of 70.4% from 716,550 lira in the prior-year period.

The normalized profit margin climbed to 3.5% from 2.0% in the year-earlier period.

Total revenue fell on an annual basis to 35.1 million lira from 35.6 million lira, and total operating expenses declined 5.7% from the prior-year period to 33.0 million lira from 35.0 million lira.

Reported net income increased 60.2% year over year to 1.5 million lira, or 3 kurus per share, from 946,720 lira, or 2 kurus per share.

s of Nov. 7, US$1 was equivalent to 3.18 Turkish lira.Kristal Kola ve Mesrubat Sanayi Ticaret AS

4912359 said its third-quarter normalized net income came to 3 kurus per share, a gain of 70.4% from 1 kurus per share in the prior-year period.