Turkcell Iletisim Hizmetleri (TKC) Reports Q3 Results

Turkcell Iletisim Hizmetleri (NYSE: TKC) reported Q3 revenue of TRY6.59 billion versus the consensus estimate of TRY6.58 billion.

• Revenues of TRY6,587 million, up 14% year-on-year and 43% on two-year cumulative basis
• Turkcell Turkey revenues up 15% to TRY5,652 million
• EBITDA of TRY2,839 million, up 19% leading to an EBITDA margin of 43.1%
• EBIT of TRY1,641 million, with a strong EBIT margin of 24.9%
• Net income more than tripled to TRY801 million on the back of strong operational profitability
• Leverage at 1.0x on 0.8x year-on-year improvement

For earnings history and earnings-related data on Turkcell Iletisim Hizmetleri A.s. (TKC) click here.

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