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Etiler Gida Ve Ticari Yatirimlar Q2 profit falls YOY

Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi said its second-quarter normalized net income came to 29,200 lira, a decline of 94.7% from 548,610 lira in the year-earlier period.

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

The normalized profit margin declined to 3.6% from 127.1% in the year-earlier period.

Total revenue rose 85.7% year over year to 801,290 lira from 431,610 lira.

Reported net income decreased 98.5% year over year to 12,350 lira, or 0 kurus per share, from 845,460 lira, or 7 kurus per share.

As of Aug. 9, US$1 was equivalent to 2.97 Turkish lira.