trending Market Intelligence /marketintelligence/en/news-insights/trending/ZNaMyOvCx6miG-Ulea_K1w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Kerevitas Q1 loss narrows YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Kerevitas Q1 loss narrows YOY

Kerevitas Gida Sanayi ve Ticaret AS said its normalized net income for the first quarter was a loss of 1.23 Turkish lira per share, compared with a loss of 6.70 lira per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 6.2 million lira, compared with a loss of 25.1 million lira in the year-earlier period.

The normalized profit margin increased to negative 5.7% from negative 30.0% in the year-earlier period.

Total revenue increased 29.2% year over year to 108.2 million lira from 83.7 million lira, and total operating expenses rose 36.0% on an annual basis to 115.5 million lira from 85.0 million lira.

Reported net income came to a loss of 7.9 million lira, or a loss of 1.58 lira per share, compared to a loss of 32.1 million lira, or a loss of 8.57 lira per share, in the prior-year period.

As of May 3, US$1 was equivalent to 2.85 Turkish lira.