Novaturas Group earned EUR 34.5 mln. in the first quarter [Yahoo! Finance Canada]
TURK HAVA YOLLAR UNSP/ADR (TKHVY)
NASDAQ:AMEX Investor Relations:
investor.turkishairlines.com/en
Company Research
Source: Yahoo! Finance Canada
In January–March, the company generated revenues of EUR 34.5 mln. This is EUR 3.7 mln. (10%) less than in the corresponding period of 2023. The company's EBITDA (earnings before interest, taxes, depreciation and amortisation) was EUR 316 thsnd. In January–March, Novaturas Group served a total of 35.7 thsnd. customers in the Baltic States (38 thsnd. in the corresponding period last year). The net profit of the company for January–March amounted to EUR 8 thsnd. In the same period last year, it was EUR 1.57 mln. These changes are due to complex reasons: a lower demand for Egypt and customer caution due to the military conflict in the Middle East, as well as the changed competitive environment resulting in the decline in profit margins. The company has also recorded the rising operating and commission sales costs this year in order to maintain competitive conditions for employees and partners. ADVERTISEMENT In addition, a large part of the profit for the first quarter of 2023 was
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