Doğan Holding Group improved its operating profit in 1Q10


Doğan Şirketler Grubu Holding A.Ş. announced consolidated financials for the period January 1 – March 31 2010. Doğan Holding revenues and EBITDA in 1Q10 were reported TRY 2.4 billion and TRY 115 Million respectively while the Group reported a net consolidated loss (after taxation and minority interest) of TRY 10 million for 1Q10 which is almost in line with 1Q09.

Doğan Group focused on productivity, market share and restructuring plan for in 1Q10. Accordingly consolidated sales revenue, gross profit and EBITDA displayed year-on-year growth for the period by 11%, 34% and 74% respectively.

1Q10 operational results were mainly driven by the improvement in the economic indicators and in line with the Group targets. The restructuring process and operational efficiency implementations have been executed separately and the new structure aimed to enhance the operational performance of the Group.

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