Turkcell Quarterly Revenues and Profits Post Rise

 

­Turkey based mobile network operator, Turkcell has reported that its third quarter revenues rose by 9 percent to TRY 2.75 billion, while net profits also rose, by 6 percent to TRY571 million.

In addition to the performance in Turkey, Group subsidiaries continued to increase their contribution. Turkcell Superonline, providing fiber broadband in Turkey, grew by 51% year on year, while Ukrainian operation increased its revenues by 7% in US Dollar terms.

Turkcell Turkey's revenues climbed 6% on the back of 34% growth in mobile broadband revenues to TRY276.2 million, together with a 4% rise in voice revenues. The subscriber base rose by 442,000 to reach 35.2 million.

Subsidiaries' contribution to the top line rose to 16%. In particular, Turkcell Superonline's revenues grew by 50.7% to TRY186.7 million, while Astelit's revenues increased 6.5% to US$111.0 million. During the third quarter, Astelit recorded 751K net additions, increasing its 3-month active subscriber base to 8.2 million.

Fintur continued to improve its market position in Q312, adding approximately 1.3 million net subscribers, thereby increasing its total subscriber base to 20.4 million, mainly driven by 1.0 million subscriber growth in Kazakhstan. Fintur's consolidated revenue was flat at US$514 million in Q312.