Turkcell reports 54% rise in earnings

Turkey's leading mobile operator Turkcell posted a 54% rise in net profit to €0.92 billion/US$1.4 billion in 2007 and revenues rose 35% to €4.14 billion/US$6.3 billion due to higher usage and subscriber growth, a Reuters report said.

However, the company said it expected the mobile phone market in Turkey to grow at a slower rate this year, according to the Reuters report.

Fourth-quarter net profit rose 39% from a year earlier to €265.4 millionUS$403.2 million while revenues during the quarter jumped 50% to €1.18 billion/US$1.8 billion, Turkcell said in a statement.

Earnings before interest, tax, depreciation and amortisation rose 44 % in the full year to €1.71 billion/US$2.6 billion, with the EBITDA margin standing at 42 %. In 2008 it expected the margin to be a few points lower, the report added.

The subscriber base grew 11% on an annualised basis to 35.4 million as of end-2007. Average revenue per user, a closely watched measure, rose 18% to $14.3. Turkcell is well known as a pioneer in mobile advertising, despite the fact that its network is still largely GPRS.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.