Mr. Mehmet Tutuncu, Chief Executive Officer of Ulker, commented about the performance of Company:

The successful results that were delivered in the first quarter of 2016 mainly derived from accurate planning and carefully but rapidly taking actions.

Ülker Bisküvi improved its operating performance: Ülker increased its sales revenue by 19% and closed the quarter with a turnover of TL 937 million. Ülker’s profit also increased by 134% over the same period, rising to TL 86 million from TL 37 million.

The financial and operational successes we achieved by the end of the quarter indicate that Ülker has a solid foundation for sustainable and profitable growth despite the challenging conditions it has faced. Creating consistency across the value chain in order to achieve efficiency and our shared objectives is essential for sustaining this kind of growth.

While we are in investing in sustainability, we target to maximize shareholder value by managing intangible assets including our human capital, brand and reputation value, and innovation culture.