Doğan Holding Maintained its Operating Profit in 1Q09

Doğan Şirketl Grubu Holding A.Ş. announced its consolidated financials for the period January 1 - March 31 2009. Doğan Holding revenues and EBITDA in 1Q09 were reported TRY 2.2 billion and TRY 66 million, respectively, as the Group reported a net consolidated loss (after taxation and minority interest) of TRY 11 million for 1Q09, which is almost in line with 1Q08.
 

Nebil İlseven, CEO of Doğan Holding, stated that due to the uncertainty caused by the accelerating slowdown in global markets and economy in 1Q09, Doğan Group focused on market share, liquidity and operating profitability performance. Dr. İlseven noted that Doğan Group achieved its targets in terms of operating profitability and maintained its market share in all fields of activities, mainly media and energy, while the liquidity of the Group reached TRY 3.5 million as of March 31, 2009.

 

Nebil İlseven concluded his declaration that the Group will continue its target-oriented management for the rest of 2009, watch the global and Turkish economy closely, and overcome the tough times in economy with its strong liquidity and well-balanced capital structure.