Hepsiburada (HEPS) Reports Q1 Results

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Go back to Hepsiburada (HEPS) Reports Q1 Results

Hepsiburada Announces First Quarter 2023 Financial Results

May 25, 2023 6:00 AM EDT

ISTANBUL, Trkiye, May 25, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a Hepsiburada) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as Hepsiburada or the Company), today announces its unaudited financial results for the first quarter ended March 31, 2023.

Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies (IAS 29), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies reporting under... More