Press Release: Turkcell Iletisim Hizmetleri: Second Quarter 2022 Results

Dow Jones

2022/08/18

 
   By Ed Frankl

Turkcell Iletisim Hizmetleri AS said Thursday that second-quarter profit and revenue rose as subscriber numbers grew.

The Turkish telecoms company said quarterly net income increased to 1.86 billion Turkish lira ($103.6 million), from TRY1.11 billion in the same period last year.

Revenue rose 46% to TRY12.48 billion, as Turkcell Turkey added nearly 600,000 to its subscriber base in the three months to the end of June, reaching 40.6 million.

Ebitda rose 45% to TRY5.03 billion.

Turkcell now says it targets revenue growth above 40% for 2022 and earnings before interest, taxes, depreciation, and amortization of around TRY20 billion.

Write to Ed Frankl at edward.frankl@dowjones.com

$(END)$ Dow Jones Newswires

August 18, 2022 12:17 ET (16:17 GMT)

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