Investor Presentation
Income Statement
Strong EBITDA generation continued in Q4 2018, Net Income supported further with FX and tax
revaluation gains.
Million TL
Q4 2018
Q4 2017
%
12M 2018
12M 2017
%
Net Sales
24,803
14,604
70
88,552
53,948
64
COGS
Gross Profit
-22,778
-13,204
73
-79,328
-47,734
66
2,025
1,400
45
9,224
6,214
48
Operating Expenses
-438
-357
23
-1,307
-1,150
14
Income/Loss from other operations
1,591
-265
-699
-2,181
-206
958
Operating Profit
3,178
778
308
5,736
4,857
18
Income/Loss from equity investment
72
61
18
257
234
9
Operating Profit Before Fin. Income/Loss
3,249
839
287
5,993
5,092
18
Financial Income /Expense
-1,600
-85
1.786
-2,268
-618
267
Profit Before Tax
1,649
754
119
3,724
4,474
-17
Net Profit (including minority interest)
1,789
501
257
3,761
3,841
-2
EBITDA (*)
Inventory Gain/Loss
EBITDA CCS (*)
1,887
1,237
53
8,908
5,882
51
-212
341
-162
2,741
612
348
2,100
896
134
6,167
5,270
17
*
On CMB reports, EBIT includes extra items such as FX impacts of trade receivables and payables. In our EBITDA calculation, FX related items are excluded from EBIT as customary in international practices.
Investor Presentation
KEY FINANCIALS
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