Ülker Bisküvi Sanayi A.Ş. Financial Results Analysis - 2Q24

Ülker Bisküvi announced a net profit of 1.3 billion TL for the second quarter of 2024. The net profit was influenced by monetary gains. The reported profit increased by 151% year-over-year but decreased by 46% compared to the previous quarter. The company's net sales revenue was 15.3 billion TL, down by 6.6% year-over-year and 28% compared to the previous quarter. The company did not revise its expectations for 2024.