The company suffered a TL 43.04 million loss in 2008. According to the company’s financial statement, released on Thursday, the company posted TL 19.5 million in losses in the third quarter of this year. This figure was TL 12.3 million in the same three-month period of last year. Doğan Yayın had TL 1.7 billion in sales in the January-September period this year, a figure which was TL 2.2 billion in the same period of 2008, accounting for a decline of 23 percent. Revenue from sales decreased by 19 percent in the third quarter of 2009 over the same period of last year, falling from TL 710 million to TL 577 million. The company’s equity capitals totaled TL 1.52 billion, and its subscribed capital amounted to TL 802 million at the end of first nine months of 2009, according to the statement. Doğan Yayın posted TL 100 million in operating profits between the months of January and September last year; the company reported TL 152 million in operating losses in the same period of this year. Short-term liabilities of the company were also reported to have reached TL 1.4 billion in the first nine months of this year, increasing by 47 percent over the same period last year.Hürriyet Gazetecilik, a subsidiary of Doğan Yayın, posted a 91 percent lower profit for the firs three quarters of 2009 over the same period in 2008 on Thursday. The net profit of Hürriyet Gazeticilik fell from TL 57 million in the January-September period of last year to TL 4.9 million in the same period of this year.
Doğuş Otomotiv posts impressive profit despite crisis
Doğuş Otomotiv, which celebrated its 15th anniversary in 2009, announced in its third quarter fiscal report that it had sold 38,120 cars for a profit of TL 40 million. Last year, the company posted TL 32 million in losses in the same period.
The company noted that despite the economic crisis, they were able to increase their operating income by a factor of 2.2. Doğuş’s gross revenues were TL 1.6 billion in the same period.
Kuveyt Türk net profits soar 26.7 percent in the first nine months
The net profits of the participation bank Kuveyt Türk increased to TL 107 million in the first nine months of the year, growing 26.7 percent compared to the same period last year. According to the financial statements in the bank’s independent auditor’s report the bank’s total assets rose 30 percent in the first nine months, to TL 6.2 billion from TL 4.95 billion a year ago. Total cash loans, on the other hand, were TL 4.96 billion, marking a 19.8 percent increase from last year’s TL 4.14 billion. Kuveyt Türk’s funds, including both time deposits and current accounts, reached TL 4.99 billion in the first nine months of this year, 40.7 percent more than the same period in 2008. Its equities rose by 18.2 percent to TL 787 million in the given period.
