Doğan Holding Announced First Quarter 2012 Results


Doğan Holding increased its total consolidated revenues in 1Q12 increased by 20% yoy to TL746 mn.
Consolidated EBITDA was TL 52 mn; while EBITDA margin was 7%.
Net Other Operating income was TL140 mn, due to the Hurriyet’s asset sale; vs. Net Other Operating Expense of TL328 mn in 1Q11 due to the tax expense set aside through restructuring of “disputed tax debts” and “tax base increase”.
Due to cash holdings in fx and TL’s strength in 1Q12, fx losses led to Net financial expense of TL18 mn, vs. net financial income of TL49 mn in 1Q11.
Net profit (attributable to equity holders) stood at TL 24 mn in 1Q12, vs. loss of TL200 mn in 1Q11.

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