Domestic unit drives 6.4% rise in Turkcell Group revenue

28 Oct 2015

Turkcell Group has announced that it registered record quarterly revenue and EBITDA for the three months ended 30 September 2015, on the back of strong results from the firm’s domestic unit. The group reported turnover of TRY3.364 billion (USD1.16 billion) for the third quarter of 2015, an increase of 6.4% from TRY3.162 billion in the year-ago period, mainly driven by a 9.9% year-on-year rise in revenue from Turkcell Turkey to TRY3.074 billion, which was attributed to surging demand for mobile and fixed broadband services. On the other hand, Turkcell International revenues were impacted by currency devaluation in Ukraine and Belarus, and fell 22.9% from TRY305 million in 3Q14 to TRY235 million a year later. Group EBITDA was up 10.5% to TRY1.161 billion in the three months to end-September 2015, while net income (excluding non-recurring items) increased 17.8% year-on-year from TRY600 million to TRY707 million. Reported net income, however, declined by 16.5% to TRY630 million, mainly due to higher translation losses and lower interest income earned on time deposits with the lower cash balance despite higher EBITDA.

In operational terms, Turkcell’s fixed broadband unit Superonline reported 1.419 million subscribers at 30 September 2015, representing an increase of 28.9% year-on-year, as fibre and ADSL customers grew by 24.2% and 36.7%, respectively. Turkcell’s mobile customer base stood at 34.2 million at the end of 3Q15 (a decrease of 1.4% year-on-year, but up by 0.6% from the previous quarter), including 16.1 million post-paid subscribers, an increase of 8.8% from 14.8 million twelve months earlier.

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