Consolidated Financial Statements of Doğan Holding 2010

Doğan Şirketler Grubu Holding A.Ş. announced consolidated financials for the period of January 1 – December 31, 2010. Doğan Holding consolidated revenues of TRY 2.85 billion increased by 6% YOY, while gross profit increased by 60% to TRY 674 million and Earnings before Interest, Tax and Depreciation (EBITDA) reached TRY 132 million in FY 2010.  

Besides its strategy based on raising productivity, improving operating profit margins and restructuring the investment portfolio, the recovery in the markets facilitated the performance of Doğan Holding in 2010.  

The profit from the sale of the majority stake of Petrol Ofisi surged the current assets to TRY 4.8 billion, while the net profit attributable to equity holders stood at TRY 656 million. As of December 31, 2010 total shareholders’ equity increased by 9% to TRY 4,6 billion. Doğan Holding closed the year with the consolidated net cash of TRY 1,5 billion.  

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