Bimeks Bilgi Islem Ve Dis Ticaret AS said its normalized net income for the first quarter amounted to 889,030 lira, compared with a loss of 2.3 million 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 increased to 0.2% from negative 0.9% in the year-earlier period.
Total revenue rose 46.1% on an annual basis to 399.2 million lira from 273.2 million lira, and total operating expenses increased 46.3% year over year to 392.1 million lira from 267.9 million lira.
Reported net income came to 2.5 million lira, or 2 kurus per share, compared to a loss of 3.8 million lira, or a loss of 3 kurus per share, in the year-earlier period.
As of May 11, US$1 was equivalent to 2.69 Turkish lira.
