29 November 2004 -

Report Summary

Despite high oil prices and low ticket prices Turkish Airlines disclosed $ 80.8 mn net profit for the first nine months of the year, according to its IFRS financial statements. We are not able to compare inflation adjusted income statement figures of 9M04 with those of 9M03, since 9M03 figures are not disclosed. However, the company’s year-end net profit was $153.5 mn in 2003.

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