Galatasaray reports 6-month profit to KAP

Galatasaray has announced its profit for the 6-month accounting period ending November 30, 2024.

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Galatasaray reports 6-month profit to KAP

The yellow-reds reported to the Public Disclosure Platform (KAP) that they achieved a profit of 710 million TL during the period in question.

The statement made by Galatasaray to KAP regarding the relevant section is as follows:

"The Group's interim consolidated financial statements as of November 30, 2024, have been prepared in accordance with the 'Going Concern' principle. As of November 30, 2024, while the Group's total equity attributable to the parent company in the consolidated financial statements is 1,302,620,063 TL and the period profit is 710,332,822 TL, the Group's operating loss is 664,546,208 TL, and accumulated losses from previous years amount to 10,215,735,038 TL. Furthermore, the Group's short-term liabilities exceed its current assets by 4,977,500,916 TL."

News Source: 12punto

Galatasaray reports 6-month profit to KAP

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