Doğan Şirketler Grubu Holding A.Ş. announced consolidated financials for the period January 1 – September 30 2010. Doğan Holding consolidated revenues of TRY 8.63 billion increased by 14% YOY, while Earnings before Interest, Tax and Depreciation (EBITDA) improved by 13% and reached TRY 434 million in 9M 2010.
As part of Doğan Holding core strategy, the company focused on raising productivity, maintaining market share, as well as on improving operating profit margins in its priority businesses while closely follows the restructuring the investment portfolio in 9M 2010. Consequently, comparing vs 9M2009 the consolidated gross profit, Earnings Before Interest and Tax and profit before tax for the period improved by 13%, 36% and 719% respectively. It is not only the favourable results of the productivity projects and effective cost management but also due to the recovery in the markets.
As of September 30, 2010 the assets stood at TRY 9.6 Billion while total shareholders’ equity was TRY 3,96 Billion.
Doğan Holding expects to maintain the current performance in the last quarter of the year.
For further information:
Please contact to Ms. Rise Ozkan, Head of Corporate Communication and/or Mrs.Ozge Bulut Marasli, Head of Investor Relations and Corporate Affairs from phone number +90 216 556 90 00.