trending Market Intelligence /marketintelligence/en/news-insights/trending/yY01J-uEzd1w6r-HhAWj1Q2 content esgSubNav
In This List

Ersu Q4 loss narrows YOY

Blog

Navigating sanctions evasion − Trade analysis of high-priority goods exports to Russia

Podcast

MediaTalk | Season 2
EP 22 - Warner Bros. Discovery on the Summer Games and the World

Blog

Greater China M&A By the Numbers: Q4 2023

CASE STUDY

An Insurance Company Uses S&P Capital IQ Workbench to Uncover Insights from SEC Filings


Ersu Q4 loss narrows YOY

Ersu Meyve ve Gida Sanayii AS said its normalized net income for the fourth quarter came to 44,200 lira, compared with a loss of 125,930 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 climbed to negative 0.5% from negative 2.6% in the year-earlier period.

Total revenue grew 83.7% on an annual basis to 8.9 million lira from 4.9 million lira, and total operating expenses rose 80.0% from the prior-year period to 9.1 million lira from 5.0 million lira.

Reported net income came to a loss of 908,390 lira, compared with a loss of 259,470 lira, or a loss of 1 kurus per share, in the prior-year period.

For the year, the company's normalized net income totaled 347,120 lira, compared with a loss of -597,630 lira in the prior year.

Full-year total revenue fell 19.4% on an annual basis to 17.5 million lira from 21.8 million lira, and total operating expenses decreased 24.7% on an annual basis to 17.0 million lira from 22.6 million lira.

The company said reported net income came to a loss of 1.0 million lira in the full year, compared with a loss of 1.0 million lira, or a loss of 3 kurus per share, in the prior year.

As of Feb. 26, US$1 was equivalent to 2.96 Turkish lira.