Turkish retailer Migros Ticaret booked an increase in sales and EBITDA for last year but financial expenses hit its bottom line.
The company posted a net loss of TRL463.2m for 2013, compared to net income of TRL88.1m for a year earlier.
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Other profit metrics improved. EBITDA grew 9.1% to TRL430m. Operating profit was up 19.5% at TRL236m.
Sales reached TRL7.13bn, up 9.9% on 2012.
At the end of 2013, Migros Ticaret had 1,004 stores. As well as Turkey, the retailer operates outlets in two smaller overseas markets – Macedonia and Kazakhstan.
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