12 April 2006 -

Report Summary

Very much in line with our earning estimate of US$ 64 mn and 8% lower than the consensus estimate, Hürriyet disclosed a net income of US$ 65 mn at its 2005 financials, which was significantly higher than the net income of 2004. The growth in net profit was 222% compared to the net income figure of US $20 mn in 2004. The incremental net profit was US$15 mn in the fourth quarter.

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