Sunday, September 07, 2008

Turk Telekom - financial results

Turk Telekom says H1 net profit 1 bln YTL

Turk Telekom, Turkey's biggest fixed line phone company, said Friday its net profit rose 10 percent to 627 million YTL in the second quarter of the year, bringing in the first half profit to 1.026 billion YTL ($866 million).

Turk Telekom and Avea, Turkey's third largest GSM operator owned by Turk Telekom, announced financial figures for the first half at a press conference in Istanbul.

Turk Telekom said consolidated revenues were up 12 percent in the first half of the year over the same period of last year to reach 4.97 billion YTL ($4.19 billion).

It said operating profit rose to 1.35 billion YTL ($1.14 billion), up 13 percent. The number of ADSL subscribers also rose 700,000 and reached 5.2 million in the first half of 2008, making an income of 791 million YTL ($670.3 million), up 36 percent over the first half of 2007, it said.

Turk Telekom officials said Avea's income soared 36 percent in the first half to 1.017 billion YTL (856 million USD). The number of Avea subscribers grew 1.1 million to 11 million, it said.

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