Bizim Toptan Satis Magazalari AS Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Cemal Demirta - Ata Invest - Analyst : Thank you for the presentation. My question is about net cash. We see a decline in your net cash. Partially, it may be related to working capital, but we also see an increase in net other assets in your balance sheets. Could you just further elaborate the details of that mechanism? You have net cash position, but still you have some financial expenses. How should we expect for the future? That's my first question, technical question. And the second one is about the details of that $32 million for the earthquake. What was it about? More maybe on detail. And how do you see the outlook in the second quarters, especially the non-tobacco sites, main categories? Do you expect or do you see the positive trend continue in April and possibly in early May? Thank you.

Question: Cemal Demirta - Ata Invest - Analyst : Thank you and one last follow-up related to your dividends distribution decision and I think it's welcomed by the investor community. Do you expect that to continue going forwards, just assuming that you keep your business going as it is? Should we expect a consistent dividend distribution in the future, assuming that no major -- the exception just will not take place? It's a part of a dividend policy. Should we expect that to continue starting by this year?

Question: Cemal Demirta - Ata Invest - Analyst : My question is about the dividend distribution. You had a cash dividend distribution decision. It's welcomed by the investors. Should we assume that going forward this will continue under normal conditions? Thank you.