Ülker Bisküvi Sanayi A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 10:13 am EST
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Ülker Bisküvi Sanayi A.S. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TRY 12,408.58 million compared to TRY 7,301.82 million a year ago. Net income was TRY 1,456.06 million compared to net loss of TRY 217.08 million a year ago. Basic earnings per share from continuing operations was TRY 3.94 compared to basic loss per share from continuing operations of TRY 0.59 a year ago.
For the nine months, sales was TRY 32,032.19 million compared to TRY 19,178.88 million a year ago. Net income was TRY 659.31 million compared to net loss of TRY 1,336.42 million a year ago. Basic earnings per share from continuing operations was TRY 1.79 compared to basic loss per share from continuing operations of TRY 3.62 a year ago.
Ulker Biskuvi Sanayi AS, formerly Ulker Gida Sanayi ve Ticaret AS, is a Turkey-based food manufacturer, specializing in cookies, crackers, chocolate covered cookies and wafers. The Company offers products under such brand names, Potibor, Cizi, Krispi, Haylayf, Mavi Yesil, Hanimeller, Bebe Biscuits, Biskrem, Krim Kraker, Probis, Cokoprens, As Kraker, Basak, Ikram and Canpare, among many others. Ulker Biskuvi Sanayi AS 's products are mainly exported to the Middle East, Russia and Central Asian Republics, as well as to Europe. The Companyâs subsidiaries include Istanbul Gida Dis Ticaret AS, Atlas Gida Pazarlama Sanayi ve Ticaret AS, Birlesik Dis Ticaret AS, Ulker Cikolata Sanayi AS, Reform Gida Pazarlama Sanayi ve Ticaret AS and Sabourne Investments Ltd.