Turkcell announces 8.5% net income increase for Q2

6 Aug 2010

Turkcell, Turkey’s largest cellco by subscribers, has reported a net income of TRY422.3 million (USD280.9 million) for the three months ended 30 June. This figure represents an 8.5% increase from the TRY389.3 million recorded one year earlier. Operating revenue for the period increased to TRY2.24 billion, up 1.7% from TRY2.20 billion year-on-year, although this was down slightly on the TRY2.25 billion recorded in Q1.

Despite a 2.4 million decrease in wireless subscribers – from 36.3 million at Q2 2009 to 33.9 million a year later – Turkcell saw a 1.2 million increase in post-paid subscribers, taking its post-paid user base to 9.8 million (a rise of 14%). Conversely, pre-paid subscribers dropped from 27.7 million to 24.2 million, a decrease of 12.6%. Turkcell’s post-paid subscribers represent 28.9% of its total subscriber base and are responsible for generating 58.4% of revenues. Turkcell reports that it now has six million registered 3G subscribers, and credits the uptake of 3G as one of the key reasons behind a 29% increase in mobile data and service revenues to TRY388.4 million, partially off-setting the negative impact of regulatory decisions on pricing.

Turkcell CEO Sureyya Ciliv commented: ‘Turkcell Group continued to grow in the second quarter of 2010, despite the recent regulatory decisions on pricing and the challenging competitive environment. For this period, Turkcell posted its highest revenues in any second quarter at TRY2.24 billion. In the first year of 3G in Turkey, we established one of the world’s leading 3G networks. We grew our mobile data and service revenues due to our focus and investments in mobile broadband business.’

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