Turk Telekom has reported revenues of TRY7.96 billion (USD5.59 billion) for the nine months ended 30 September 2010. This figure represents an increase of 1.8% compared to the same period a year earlier. Operating profit for the year-to-date increased 13% from TRY2.11 billion to 2.38 billion year-on-year, while net income increased 38.2% from TRY1.37 billion to TRY1.90 billion. Turk Telekom credits the improved figures to foreign exchange gains.
In operational terms, Turk Telekom’s broadband customer base rose to 6.53 million, an increase of 8% year-on-year. This coincided with a 16.9% increase in revenues to TRY1.83 billion for the nine month period. Fixed line PSTN lines fell to 16.13 million, down 4.1% year-on-year, with PSTN revenues down 9.6% to TRY3.18 billion. Turk Telekom’s mobile unit Avea saw its subscriber base fall 5.2% year-on-year to 11.43 million; of these, 6.86 million were on pre-paid plans, down 12.4% year-on-year. In contrast, post-paid subscribers increased 8.1% to 4.57 million. Despite the overall fall in mobile subscribers, post-paid migration helped drive a 6.5% increase in revenues, to TRY1.97.
Turk Telekom CEO Hakam Kanafani commented: ‘Turk Telekom, as Turkey’s leading communication and convergence technologies group, had a strong quarter with year-to-date EBITDA and operating profit increasing by 6% and 13% respectively compared to the first nine months of 2009. Year-to-date net income also grew by 38% year-over-year. Both our fixed line and mobile businesses contributed to this strong performance with Avea achieving higher margins despite the continuing tough competitive environment in Turkish Mobile market’.