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Konfrut Gida Sanayi ve Ticaret Q4 profit falls YOY

4912828 said its normalized net income for the fourth quarter was 10 kurus per share, a decrease of 36.5% from 16 kurus per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 651,340 lira, a decline of 36.5% from 1.0 million lira in the prior-year period.

The normalized profit margin dropped to 6.9% from 7.6% in the year-earlier period.

Total revenue fell 30.1% on an annual basis to 9.4 million lira from 13.4 million lira, and total operating expenses declined 36.8% from the prior-year period to 7.4 million lira from 11.8 million lira.

Reported net income declined 7.3% on an annual basis to 1.4 million lira, or 21 kurus per share, from 1.5 million lira, or 23 kurus per share.

For the year, the company's normalized net income totaled 72 kurus per share, a decrease of 47.4% from 1.36 lira per share in the prior year.

Normalized net income was 4.7 million lira, a fall of 47.4% from 9.0 million lira in the prior year.

Full-year total revenue decreased 31.4% year over year to 50.4 million lira from 73.4 million lira, and total operating expenses fell 25.4% on an annual basis to 43.8 million lira from 58.7 million lira.

The company said reported net income declined 42.4% year over year to 6.5 million lira, or 99 kurus per share, in the full year, from 11.3 million lira, or 1.72 lira per share.

s of Feb. 25, US$1 was equivalent to 2.93 Turkish lira.Konfrut Gida Sanayi ve Ticaret AS

4912828 said its normalized net income for the fourth quarter was 10 kurus per share, a decrease of 36.5% from 16 kurus per share in the year-earlier period.