Doğan Holding Released Profit For The First Half Of 2009

Doğan Şirketler Grubu Holding A.Ş announced the consolidated financials of the period January 1-June 30 2009. As of 30 June 2009 Doğan Holding revenues reached TRY 4.7 billion ($ 3 billion ) while EBITDA reached TRY 226 million (USD 147 million) and the Group released a net consolidated profit (after taxation and minority interest) of TRY 21 million for the first half of 2009.

The announcement stated that Doğan Group revenues increased by 17% while EBITDA improved by 142% despite of the unfavorable impacts of the economic stagnation on the first half results of 2009. The announcement highlighted that Doğan Group focused on market share, liquidity and operating profitability performance due to the uncertainty related to the lowdown in global markets and economy in 1H09 and the group maintained its market position in the strategic investments as energy and media, while the new investments ventures closely followed and developed in these areas. The Group’s performance in these areas is sustained in line with its main business goals.

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