Teknosa increased its revenues by 36% to a record-high TL 5.6 billion, while recording TL 85.3 million in net profit, up from the net loss of TL 148 million a year ago.
The company’s online revenues grew 3.6-fold annually to exceed TL 1 billion. As a result, e-commerce’s share in total retail revenues soared from 7 to 19%.
The company’s performance improved quarter by quarter and reached its peak in 4Q20.
Teknosa is the leading technology retailer and e-commerce platform in Turkey.