Doğan Holding Announced its 1H14 Financial Results

Total consolidated revenues increased by 4% yoy to TL1,785mn in 1H14.

Revenue growth attained in all segments including Retail, Energy and Other, except Media.

Consolidated EBITDA was TL131mn in 1H14; while EBITDA margin was 7.3%.

Share of loss on investments accounted by equity method was TL31mn vs. TL63 mn in 1H13, mainly led by lower fx losses due to strong TL.

Due to fx volatility, Net Other Operating Income was TL60 mn in 1H14 down from TL129 mn in 1H13; and Net Financial Expenses was TL79mn, vs. TL226 mn attained in 1H13.

Net loss (attributable to equity holders) realized at TL83mn; as a result of higher costs of media segment.

The Extraordinary General Assembly Meeting of Doğan Holding where the merger transaction through the “take over” of its direct subsidiary Doğan Yayın Holding as a whole with all its assets and liabilities were discussed, has been held on 07.08.2014. The merger transaction has been approved at the General Assembly Meeting.

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