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English
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Hayır (No)
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Hayır (No)
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-
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Hayır (No)
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As of 30 September 2023, consolidated Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) was realized at TL 867.5 Mn and net profit for the period was at TL 1,084 Mn. In Q32023, EBITDA increased by 52% compared to the 2nd quarter of this year and was realised at TL 350 Mn. Although EBITDA increased in Q32023, compared to the previous quarter, it decreased by 17% compared to the same period of the previous year. The main reason for the decrease in EBITDA is the suppressed electricity sales prices due to the AUF mechanism implemented this year. With the termination of the Sourced-Based AUF Mechanism as of October 2023, it is expected to have a positive impact on operating profit starting from the 4th quarter of 2023. On the other hand, the decision regarding the lawsuit mentioned in the material event disclosure dated 11.07.2023 has been reversed by the Ankara 8th Administrative Court and the case will continue to be heard on the merits by applying to the Council of State. After the application to the Council of State, the relevant process will be shared with the public after the finalisation of the case before the Council of State. In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
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