Turkcell, certainly one of Türkiye’s greatest telecommunications and expertise companies suppliers, turned again into revenue within the second quarter of the 12 months, it stated on Thursday.
Turkcell posted a web revenue of TL 2.9 billion (round $85 million) within the April-June interval, in comparison with a lack of TL 820.4 million in the identical interval final 12 months, it stated in an announcement
The solely Turkish firm concurrently listed on each the Istanbul and New York inventory exchanges attributed the revenue surge to decrease international trade losses and efficient threat administration.
Revenue for the second quarter totaled TL 33.34 billion, barely down from TL 33.72 billion a 12 months in the past.
Still, Turkcell touted sturdy development in its buyer base and operational efficiency.
Its complete variety of subscribers in Türkiye reached 43.2 million, bolstered by a web addition of 346,000 subscribers within the second quarter.
The postpaid subscriber base elevated by 477,000, contributing to a complete achieve of 1.8 million postpaid prospects over the previous 12 months.
Turkcell achieved group revenues of TL 34.9 billion from April by June.
It reported an earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) of TL 14.9 billion. The EBITDA margin got here in at 42.6%.
Ali Taha Koç, CEO of Turkcell, highlighted what he stated was the corporate’s profitable operational efficiency and strategic give attention to customer-centric innovation.
“Our customer-focused actions, superior service quality, and value propositions helped us achieve a net addition of 346,000 mobile subscribers in the second quarter,” Koç stated within the assertion.
He additionally emphasised operations past telecommunications, together with ventures in information middle operations, renewable power, synthetic intelligence, and cybersecurity.
“We are committed to expanding our position as an end-to-end technology provider and building a future where technology drives progress,” Koç added.
Koç additionally elaborated on the sale of the corporate’s subsidiaries in Ukraine, a course of accomplished earlier this week.
He stated the sale is a part of Turkcell’s broader technique to guage its portfolio and take strategic actions.
“We concluded the sale of our Ukrainian assets, which we announced at the end of 2023, bringing in an initial foreign currency inflow of $524.3 million. Considering the increasingly challenging conditions in Ukraine since 2022, we are pleased to have successfully completed this process,” Koç stated.
“Our focus is now on new investments that will contribute to Türkiye’s digital transformation,” he added.
Source: www.dailysabah.com