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English
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Evet (Yes)
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Evet (Yes)
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03.05.2020
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Hayır (No)
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Due to the continuation of the uncertainty regarding the possible effects of the COVID-19 pandemic, while withdrawing our expectations for the financial year 2020, we cannot share a revised expectation for the same reason. All our hospitals continue to diagnose and treat COVID-19 patients in coordination with Ministry of Health of Turkey. Considering the nature of COVID-19 and transmission parameters, all kinds of precautions have been taken for the protection of our employees and hospitals. Due to our Group's agile business model, we have taken quick measures to limit the effects of the crisis as much as possible without affecting the Group's long term potential. Negotiations have started with suppliers and hospital building landlords to reduce operating costs throughout the pandemic. In order to increase the liquidity position of the Company, long term credit lines of TL 330 million has been withdrawn, consisting of an investment loan of TL 80 million and a Net Working Capital loan of TL 250 million. As of March 2020, the Net Working Capital Management Committee for the planning of customer collections and supplier payments has been established. Since we are a pandemic hospital, all Social Security Institution (SSI), Withholding Tax, and VAT payments for the period of March-June have been postponed to October 2020. |
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
