Fenerbahçe reports higher quarterly profit on rising revenue

Fenerbahçe Futbol A.Ş. reported consolidated net profit of 1,497,182,252 lira for the three months ended August 31, compared with 235,417,044 lira in the same period a year earlier. The figures are in Turkish lira and were filed with KAP.

Revenue increased to 4,548,897,187 lira from 3,409,393,357. Gross profit was 1,754,964,715 lira, versus 795,133,079, while operating profit reached 907,544,522 lira. The company reported an operating loss of 222,475,371 lira in the prior-year quarter.

Investment income was 1,553,854,076 lira and investment expenses were 1,595,576,914. The reported profit also included a 541,908,293 lira gain from the net monetary position.

Cash and liabilities

The cash-flow statement reported 7,411,072,452 lira in operating cash flows, compared with 1,397,692,458 a year earlier. Profit and operating cash flow are separate measures: the first is an accounting result, while the second tracks cash flows from operations.

At August 31, the balance sheet showed 3,002,276,267 lira in cash and cash equivalents, up from 825,520,056 at May 31. Total liabilities stood at 31,095,940,178 lira, compared with 25,042,021,188 at the previous period-end.