Dogan Yayin posts $669.19m loss
Istanbul - Arabstoday
Dogan Yayin Holding, Turkey’s media group, posted a net loss of 1.2 billion lira ($669.19 million) for 2011 compared with a loss of 236 million lira the previous year, after paying fines of more than 900 million lira for failure to pay taxes. Its sales for the year totalled 2.61 billion lira, up 14 per cent, it said in a filing to the Istanbul Stock Exchange at the weekend. The company said it wrote off 913 million lira for restructuring of tax debts in 2011.
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