Türkiye’s telecoms operator, Türk Telekom Group, introduced on Wednesday its monetary outcomes for the primary quarter, indicating a sturdy begin to 2025 as its revenues jumped by over 18% in comparison with the identical interval final yr.
In an announcement to the Public Disclosure Platform (KAP), Türk Telekom mentioned its consolidated revenues surged by 18.3% year-over-year to TL 45.6 billion ($1.18 billion) from TL 38.5 billion in January by means of March 2024.
Net earnings got here in at TL 5.1 billion, rising by 45.2% on an annual foundation, it mentioned.
“We made a spectacular start to the year, primarily driven by the maintained strength in fixed internet and mobile performances. The ongoing disinflation process has nicely supported the operational performance along with a strong revenue generation versus a relatively mild opex evolution in the first quarter, despite the regular personnel salary adjustment we implemented at the beginning of the year,” Türk Telekom CEO Ümit Önal mentioned.
“We have been closely watching the recent developments and market volatility to assess their potential impact on the subscriber behavior and our businesses, which has seemingly been absent so far,” he added.
As such, Önal mentioned that the corporate stands “confident” concerning the 2025 steering it shared earlier, including, nonetheless, they continue to be “alert on both the local and global news flow ahead to prepare ourselves for different scenarios from our base case.”
Türkiye Wealth Fund (TWF), the nation’s sovereign fund, is almost all shareholder of Türk Telekom with a 61.68% stake.
The shares of Türk Telekom edged up by 1.02% to TL 54.55 on Thursday morning, following the announcement of quarterly outcomes.
Source: www.dailysabah.com