Migros Ticaret A.S. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 06, 2020 at 07:57 pm IST
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Migros Ticaret A.S. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TRY 7,695.353 million compared to TRY 6,463.736 million a year ago. Operating income was TRY 327.774 million compared to TRY 347.732 million a year ago. Operating income was TRY 372.217 million compared to TRY 353.831 million a year ago. Operating income was TRY 327.774 million compared to TRY 353.831 million a year ago. Operating income was TRY 372.217 million compared to TRY 347.732 million a year ago. Net income was TRY 9.015 million compared to TRY 178.884 million a year ago. For the nine months, sales was TRY 21,107.907 million compared to TRY 17,194.551 million a year ago. Operating income was TRY 779.081 million compared to TRY 711.386 million a year ago. Operating income was TRY 779.081 million compared to TRY 696.798 million a year ago. Operating income was TRY 822.057 million compared to TRY 696.798 million a year ago. Operating income was TRY 822.057 million compared to TRY 711.386 million a year ago. Net loss was TRY 281.685 million compared to TRY 202.475 million a year ago.
Migros Ticaret AS, formerly Migros Turk TAS, is a Turkey-based company that operates in the food and consumer goods sector. The Company is engaged in the retail sale of all types of food products and consumer goods, as well as their wholesale for retail consumption. Migros Tocaret AS's offering includes a selection of stationer, glass and kitchenware, appliance, book, recorded media, clothing and other necessities. The Company also operates shopping malls in Turkey and abroad through its subsidiaries. The Companyâs brands include Migros, Tansas, Macrocenter and 5M. Migros Ticaret AS's wholly owned subsidiaries are Sanal Merkez TAS, Ramstore Bulgaria EAD and Ramstore Kazakhstan LLC. The Company is a subsidiary of MH Perakendecilik ve Ticaret AS.