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Interim Financial Report (Quarterly Results)

An interim financial report is the set of balance sheet, income statement and notes that listed companies publish on KAP for the 3, 6 and 9-month periods. Listed companies publish financial statements four times a year under CMB financial reporting rules: interim reports for 3, 6 and 9 months and an annual report for 12 months.
Contents
  1. 1.Key points
  2. 2.How it works
  3. 3.Interpretation
  4. 4.Pitfalls
  5. 5.Official sources
  6. 6.Frequently asked questions

Key Points

  • In everyday Turkish these are called quarterly balance sheets or simply “bilanço”, and the weeks in which they are published are called earnings season.
  • In earnings season investors compare net profit, revenue and margins with the same period a year earlier.
  • do not mix up cumulative and quarterly amounts.

How It Works

a period is written as the year and the closing month; a “year/9” label means January to September. Income statement amounts are cumulative from the start of the year; a single quarter is found by subtracting the previous period’s cumulative amount from the current one. Balance sheet items show the position at the period end.

Interpretation

Annual reports are audited, 6-month reports usually undergo a limited review, and 3 and 9-month reports are mostly published unaudited.

In earnings season investors compare net profit, revenue and margins with the same period a year earlier. Filing dates vary by company, and companies preparing consolidated statements have a longer legal deadline. The latest results, with filing date and net profit change, can be followed on the Latest Earnings page.

Pitfalls

do not mix up cumulative and quarterly amounts. Prior-year comparatives may have been restated under inflation accounting. Because legal deadlines and company filing dates can change, rely on the company’s KAP filings for exact dates.

Official Sources

Official regulation and sources the definition is based on.

Pages Where This Term Appears

Related Terms

Frequently Asked Questions

An interim financial report is the set of balance sheet, income statement and notes that listed companies publish on KAP for the 3, 6 and 9-month periods.

a period is written as the year and the closing month; a “year/9” label means January to September. Income statement amounts are cumulative from the start of the year; a single quarter is found by subtracting the previous period’s cumulative amount from the current one. Balance sheet items show the position at the period end.

Prepared by: Yatırımcı.AI Research TeamLast reviewed: Method: MethodologyEditorial policy