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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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Although, in the 3rd Quarter of 2024, our company has realized a Revenue close to the Revenue it achieved in the first 6 months, and has made a Gross Profit in this 3-month period that is approximately 2 times the Gross Profit it achieved in the first 6 months of the year, its profit has decreased by approximately TL 1,230,000,000 due to inflation accounting and hedge accounting related expenses that are not directly related to its operating performance.
In addition, within the scope of our ongoing operations in Venezuela, additional contracts with the United States-based Chevron company have been added to the existing activities carried out with Denarius Company, our OFAC-licensed subsidiary. In addition to ongoing operations within the framework of these existing contracts, negotiations are being held for new additional contracts with international companies such as Chevron, Baker Hughes and Repsol.
In this context, Denarius is expected to make a net profit of 9.7 million USD in 2025 with its current operations and only the contracts in force. In addition, it is aimed to increase this amount with possible new contracts with international companies.
Our company's activities in Venezuela will contribute to our consolidated profitability independently of the inflation accounting applied in Turkey.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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