Mavi Giyim Sanayi Ve Ticaret A.S. Reports Earnings Results for the Second Quarter Ended July 31, 2021
September 14, 2021 at 04:27 pm
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Mavi Giyim Sanayi ve Ticaret A.S. Announced earnings results for the second quarter ended July 31, 2021. For the second quarter, the company announced sales was TRY 1,077.752 million compared to TRY 537.804 million a year ago. Operating income was TRY 174.030 million compared to TRY 5.444 million a year ago. Operating income was TRY 173.943 million compared to TRY 5.444 million a year ago. Operating income was TRY 173.943 million compared to TRY 4.413 million a year ago. Operating income was TRY 174.030 million compared to TRY 4.413 million a year ago. Net income was TRY 98.881 million compared to net loss of TRY 4.569 million a year ago. For the half year, sales was TRY 1,836.508 million compared to TRY 924.926 million a year ago. Operating income was TRY 239.946 million compared to operating loss of TRY 43.126 million a year ago. Operating income was TRY 239.761 million compared to operating loss of TRY 43.126 million a year ago. Operating income was TRY 239.946 million compared to operating loss of TRY 44.542 million a year ago. Operating income was TRY 239.761 million compared to operating loss of TRY 44.542 million a year ago. Net income was TRY 129.882 million compared to net loss of TRY 54.657 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.