BIM Birlesik Magazalar A.S. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 07:08 am EST
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BIM Birlesik Magazalar A.S. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TRY 13,560.111 million compared to TRY 10,412.288 million a year ago. Operating income was TRY 914.674 million compared to TRY 608.187 million a year ago. Net income was TRY 653.774 million compared to TRY 343.919 million a year ago. For the nine months, sales was TRY 40,186.226 million compared to TRY 29,683.016 million a year ago. Operating income was TRY 2,639.997 million compared to TRY 1,649.784 million a year ago. Net income was TRY 1,781.596 million compared to TRY 906.215 million a year ago.
BIM Birlesik Magazalar AS is a Turkey-based company, which is engaged in the operation of retail stores. Through its retail shops in Turkey, the Company sells an assortment of approximately 600 items, including a number of private labels. The Company offers a range of consumer basic food items and consumer goods. BIM Birlesik Magazalar AS's products include: televisions, cooking pans, toys, meat products, breakfast and dairy products, beverages, legumes and bakery, snacks and sweets, fruits and vegetables, frozen food and cleaning supplies, among others. The Company's subsidiaries are: Bim Stores LLC, based in Egypt and BIM Stores SARL, based is Morocco, both engaged in the hard discount retail sector.