Use the following information to answer questions 5-12.

XYZ Natural Gas is the private natural gas distribution company serving the widest geographic area in Turkey with 21 distribution licenses, distributing 8.9 billion m3 natural gas over a network length of 24,421 km, with a market share of 20.5%. XYZ Natural Gas, operates in 27 cities, 167 districts and villages. There is the monopoly status of BOTA in the supply of natural gas and dependence on imported gas. Using the information given below, foreign sales are less than domestic sales, which increases the foreign exchange risk of the company.

1. Revenues and cost of sales

			1 January- 31 December 2017			1 January- 31 December 2016
Domestic sales			2,645,177,899			2,916,076,711
Foreign sales			954,133,969			262,606,821
Sales returns			--			(481,692)
Net sales			3,599,311,868			3,178,201,840
Cost of sales (-)			(3,283,982,668)			(2,907,157,616)
Gross profit			315,329,200			271,044,224

true or false?