Doğan Holding announced 9M 2011 Results

Total consolidated revenues in 9M11 increased by 12% yoy to TL2,198 mn. EBITDA in the same period increased by 31% and reached TL 176 mn while EBITDA Margin was 8%. 

Net other operating expenses stood at TL951 mn in 9M11. This is mainly due to the expenses amounting to TL941 mn set aside through "tax base increase" and restructuring of "disputed tax debts" related to the Law No. 6111 and Competition Board fine. 

Excluding one-off expenses and provisions mentioned above, "Adjusted Net Losses (before minority)" would be TL 21 mn in this period vs. loss of TL29 mn in 9M10. Net losses (attributable to equity holders) stood at TL698 mn in 9M11. 

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