Mavi's first quarter revenues rise 25 percent

Announcing its results for the first quarter ended April 30, 2018, Mavi Giyim Sanayi ve Ticaret A.Ş. said that the company saw strong double-digit revenue growth quarter-on-quarter and an exceptional rise in profits across channels and categories, driven by increased basket sizes and transaction volumes from new and existing customers in Turkey and abroad. Compared to the same period last year, consolidated revenue increased by 25 percent to 536 million Turkish lira (119.9 million dollars). EBITDA for the quarter grew by 30 percent to 72 million Turkish lira (16 million dollars), resulting in 13.5 percent EBITDA margin.