According to the financial statements of the company for the 01.01.2023-31.12.2023 accounting period, which is prepared in compliance with the Capital Markets Board (CMB) Communiqué no.II-14.1 on "Principles of Financial Reporting in the Capital Markets" and audited by Drt Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., a Consolidated Net Period Profit of TRY 18,192,162,000 has been generated.
At the meeting of our Board of Directors on 6 March 2024; upon review of the aforementioned financial statements and the records in accordance with Tax Procedural Law, it has been noted that there is a net period profit of TRY 18,192,162,000 per the financial statements prepared in accordance with TFRS and a net period loss of TRY 2,341,759,009.72 as per the records in accordance with the Tax Procedural Law; so it has been unanimously decided;
-Not to distribute dividends for the year 2023 due to a loss of TRY 2,341,759,009.72 in the current year result of the financial statements prepared in accordance with the Tax Procedural Law records, and to transfer the current year loss of TRY 2,341,759,009.72 of the financial statements prepared in accordance with the Tax Procedural Law, to previous years' losses,
-To transfer the net period profit of TRY 18,192,162,000 of the financial statements prepared in line with TFRS, to the extraordinary reserves in the related financial statements,
-To submit these issues to the approval of the shareholders at the 2023 Ordinary General Assembly meeting.
In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.