Turkcell’s revenue, net profit up 28.5%, 69.2% in Q2

28 Jul 2017

Turkcell’s consolidated quarterly revenues grew by 28.5% year-on-year to TRY4.316 billion (USD1.213 billion) in April-June 2017, whilst group net income was up 69.2% to TRY704 million in Q2 2017, mainly due to ‘solid operational performance’, the Turkish company reported. Consolidated EBITDA climbed 41.6% y-o-y in the second quarter to TRY1.457 billion, driving the EBITDA margin up to 33.8% from 30.7% recorded in 2Q16. Turkish operations (mobile and fixed) accounted for the lion’s share of revenue – TRY3.803 billion (up 26.4%) – and EBITDA – TRY1.298 billion (up 40.6%). Growth was driven by year-on-year total subscriber net additions of 2.1 million in Turkey, as Turkcell recorded its highest quarterly net customer adds of the past six years – 757,000 – to reach 34.2 million mobile connections at end-June 2017, whilst the share of post-paid customers climbed to 53.2% on the back of its highest net post-paid user take-up in five years. 4G LTE data usage surged – total per capita data consumption increased by 69% year-on-year to 4.1GB in June as data consumption of LTE users reached 5.9GB – and usage of Turkcell’s in-house range of online digital applications was also highlighted as a significant revenue growth factor. Fibre broadband customers rose by 32,000 in the quarter to 1.1 million, whilst total fixed broadband customers exceeded two million.

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