2016 Annual Report
Proposal of Profit Distribution

It was resolved to set aside TL 15,161,246 as the first legal reserve required by Article 519/1 of Turkish Commercial Code from the current period net profit of TL 296,243,036, which is the amount remaining after the taxes and dues payable in the amount of TL 72,831,594 are deducted from the current period profit of 2016 amounting to TL 369,074,630, to set aside TL 1,127,764 specific reserve fund from the amount which has remained in pursuit of setting aside the first legal reserve, the remaining amount of TL 279,954,026 is reserved as extraordinary reserves afterwards all reserves and funds, stated above profit distribution proposal is presented to the approval of shareholders in the 26. Ordinary General Assembly.

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