Earnings Presentation Q3 2022
Income Statement (Million TL)
Q2
Q2
H1
H1
Million TL
%
%
2022
2021
2022
2021
•
Net Sales
COGS
Gross Profit
17,737
135,785 33,688 303%
-118,048 -30,724 284%
498%
212,326
53,509 297%
-189,285
-49,018 286%
2,964
23,041
4,491 413%
Operating Expenses
-2,047
-691
196%
-3,097
-1,248
148%
•
Income/Loss from other operations
-3,531
-325
986%
-5,029
-1,910
163%
Operating Profit
12,159
1,948
524%
14,915
1,334
1018%
Inc./Loss from Equity pick ups
126
50
149%
335
60
457%
Operating Profit Before Fin. Income/Loss
12,285
1,999
515%
15,251
1,394
994%
.
Financial Income/Expense
-1,332
-702
90%
-3,236
-1,058
206%
Profit Before Tax
10,953
Details of Income Statement
Y-o-y increase in Opex is mainly
driven by logistics expenses
increasing to 1 bn TL due to
higher sales and TL
depreciation in Q2'22.
Loss from other operations are
mainly due to FX losses from
trade payables, offset by
reciprocal inventory gains in
gross profit.
Opet's contribution is recorded
under income from equity-
pickup.
1,297
745%
12,015
337
3469%
•
Net Profit (excluding minority interest)
10,611
1,700
524%
11,507
939
1125%
Financial Income and Expenses
EBITDA *(mn. TL)
16,066
2,512
540%
20,733
3,681
463%
Inventory Gain/Loss (mn. TL)
2,931
1,407
108%
7,034
2,919
141%
EBITDA* (mn. TL) CCS
13,134
1,105
1089%
13,700
763
1696%
consist of hard currency
balance sheet items' FX
gains/losses and related FX
derivative gains/losses, balance
of which are offset by
reciprocal inventory gains.
Oct-22
Financials
Investor Presentation
*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 in line with international practices.
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