Hurriyet Gazetecilik ve Matbaacilik AS, Q1 2013 Earnings Call, May 16, 2013

Hurriyet Gazetecilik ve Matbaacilik AS reported consolidated earnings results for the full year ended December 31, 2012. For the year, the company reported sales of TRY 853,127,501 compared to TRY 868,738,457 a year ago. Operating profit was TRY 167,829,629 compared to TRY 148,483,394 a year ago. Profit before tax was TRY 168,781,500 compared to TRY 264,592,634 a year ago. Allocation of net profit for the period attributable to equity holders of the company was TRY 150,662,628 or TRY 0.2701 per share, compared to TRY 233,976,386 or TRY 0.2701 per share, a year ago. Net cash provided by operating activities was TRY 34,031,734 compared to TRY 132,243,376 a year ago. Purchases of property, plant and equipment was TRY 47,986,510 compared to TRY 20,663,013 a year ago. Purchases of intangible assets were TRY 11,826,722 compared to TRY 11,766,946 a year ago.

Hurriyet Gazetecilik ve Matbaacilik AS reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company’s sales were TRY 195,315,244 against TRY 200,275,087 a year ago. Operating profit was TRY 5,079,365 against loss of TRY 10,718,985 a year ago. Profit before tax was TRY 11,076,847 against loss of TRY 73,900,490 a year ago. Profit attributable to equity holders of the company was TRY 5,899,108 or TRY 0.0107 against loss of TRY 62,518,234 or TRY 0.1133 a year ago. For the nine months, the company’s sales were TRY 625,907,985 against TRY 630,042,300 a year ago. Operating profit was TRY 161,039,886 against loss of TRY 10,985,859 a year ago. Profit before tax was TRY 170,340,326 against loss of TRY 102,942,974 a year ago. Profit attributable to equity holders of the company was TRY 156,154,529 or TRY 0.2829 against loss of TRY 91,075,474 or TRY 0.1650 a year ago. Net cash used in operating activities was TRY 42,331,153 against net cash from operating activities was TRY 47,752,462 a year ago. Purchases of property, plant and equipment was TRY 39,181,977 against TRY 9,555,090 a year ago. Purchases of intangible assets were TRY 6,434,075 against TRY 7,144,543 a year ago.