CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 50 Çelebi Ground Handling 2018 Annual Report Current Period Prior Period Audited Audited Notes January 1 - December 31, 2018 January 1 - December 31, 2017 CONTINUING OPERATIONS Net Sales 19 1.334.270.054 917.789.663 Cost of sales (-) 19 (877.169.122) (649.293.500) GROSS PROFIT 19 457.100.932 268.496.163 General administrative expenses (-) 21 (186.745.255) (125.392.966) Other income from operating activities 22 194.183.103 22.521.334 Other expenses from operating activities (-) 23 (188.608.265) (17.262.508) OPERATING PROFIT 275.930.515 148.362.023 Income from investment activities 24 3.948.024 1.113.674 Expenses from investment activities (-) 25 (305.699) (2.454.859) Income from investments accounted by using the equity method 6 23.371.805 11.527.783 OPERATING INCOME BEFORE FINANCIAL INCOME 302.944.645 158.548.621 Financial income 26 77.551.573 19.701.438 Financial expenses (-) 27 (165.684.117) (70.866.589) PROFIT BEFORE TAX 214.812.101 107.383.470 Tax expense (6.361.830) (20.982.295) Taxes on income 28 (34.366.471) (25.914.945) Deferred tax income 28 28.004.641 4.932.650 NET PROFIT FOR THE PERIOD 208.450.271 86.401.175 Attributable to: Non-controlling interest 3.866.315 1.039.567 Equity holders of the parent 204.583.956 85.361.608 208.450.271 86.401.175 Earnings per share (Kr) 29 0,084 0,035 The accompanying notes form an integral part of these consolidated financial statements. CONSOLIDATED FINANCIAL STATEMENT OF PROFIT OR LOSS FOR THE PERIOD OF 1 JANUARY – 31 DECEMBER 2018 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.)