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NET HOLDING

Net Group of Companies
Group of companies
Financial

Development Project

NET Tourism


Contact :

Mete Sayici
General Coordinator
E-mail

Semra Taskin
Info.System Manager
E-mail
Yalcin Uzuner
Planning&Invertments
Manager
E-mail

Head Office :

Inonu Cad. Vakif Han
No 2/12 80090
Taksim, Istanbul
TURKEY

Tel : (90 212) 251 63 36
Fax : (90 212) 249 39 59


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Explorer

NET® Holding A.S.

NET HOLDING A.S
STATEMENT OF INCOME
for the periods 01.01/31.12.1998, 1997 and 1996

MIO TL

1998

1997

1996

GROSS SALES

2,046,233

917,758

611,989

Domestic Sales

2,046,233

917,758

588,241

Export Sales

0

0

23,748

Other Sales

0

0

0

SALES DISCOUNT

0

0

0

Sales Returns (-)

0

0

0

Sales Discounts

0

0

0

Other Discounts (-)

0

0

0

NET SALES

2,046,233

917,758

611,989

COST OF SALES (-)

(629,694)

(350,530)

(207,008)

GROSS MARGIN

1,416,539

567,228

404,981

OPERATING EXPENSES (-)

0

0

0

Research and Development Expenses (-)

0

0

0

Sales, Marketing&Distribution Expenses (-)

0

0

0

General&Administrative Expenses (-)

0

0

0

INCOME FROM OPERATIONS

1,416,539

567,228

404,981

OTHER OPERATING INCOME

3,303,583

733,222

306,320

Dividend Income from Investment

0

0

0

Dividend Income from Affiliated companies

0

0

0

Interest and Other Dividend Income

2,676,216

446,209

252,690

Other Operating Income

627,367

287,013

53,630

OTHER OPERATING EXPENSES (-)

(79,836)

(12,424)

(22,932)

FINANCING EXPENSES (-)

(185,881)

(96,649)

(4,956)

Financing Expenses on S.T. Borrowings

(185,881)

(96,649)

(4,956)

Financing Expenses on L.T. Borrowings

0

0

0

OPERATING PROFIT

4,454,405

1,191,377

683,413

EXTRAORDINARY INCOME

12,269

388,222

118,360

Other Provisions Reversed

0

11,402

0

Income Related to Prior Periods

0

0

0

Other Extraordinary Income

12,269

376,820

118,360

EXTRAORDINARY EXPENSES (-)

(332)

(7,652)

(2,191)

Exp. Related to Non-operating Divisions (-)

0

0

0

Expenses related to Prior Periods (-)

0

(6,903)

(64)

Other Extraordinary Expenses (-)

(332)

(749)

(2,127)

INCOME BEFORE TAXATION

4,466,342

1,571,947

799,582

TAXES ON INCOME (-)

(1,244,464)

(349,923)

(188,228)

NET INCOME FOR THE PERİOD

3,221,878

1,222,024

611,354

The Tourism Giant of Turkey

Net Group of Companies


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