Mavi Giyim Sanayi Ve Ticaret A.S. Reports Earnings Results for the Third Quarter Ended October 31, 2020
December 01, 2020 at 08:51 pm IST
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Mavi Giyim Sanayi ve Ticaret A.S. Announced earnings results for the third quarter ended October 31, 2020. For the third quarter, the company announced sales was TRY 826.984 million compared to TRY 808.134 million a year ago. Operating income was TRY 128.972 million compared to TRY 142.176 million a year ago. Net income was TRY 78.145 million compared to TRY 58.758 million a year ago. For the nine months, sales was TRY 1,751.910 million compared to TRY 2,148.254 million a year ago. Operating income was TRY 85.846 million compared to TRY 302.686 million a year ago. Net income was TRY 23.488 million compared to TRY 86.448 million a year ago.
Mavi Giyim Sanayi ve Ticaret AS is a Turkey-based company, which designs and manufactures apparel and accessories, under the Mavi brand, for both women and men. The Company offers pants, jackets, shirts, shorts, dresses, skirts, and joggers. The Company operates more than 390 mono-brand Mavi stores with particular presence in Turkey, the United States (following the acquisition of Mavi USA), Canada (following the acquisition of Mavi Canada), Europe (centered on Germany) and Russia, more than 5,000 global points of sale, as well as an online store. It has a retail base in Turkey with more than 200 mono-brand retail stores, more than 60 franchise-operated mono-brand retail stores and more than 400 multi-brand points of sale across the country. Its wholesale partners include Nordstrom, Bloomingdaleâs and Peek & Cloppenburg.
MAVI GIYIM SANAYI VE TICARET 
