Vodafone Turkey records jump in revenues

ANKARA – Anadolu Agency

Vodafone Turkey recorded a 17.5 percent increase in revenue from services during the first half of its 2016-2017 fiscal year compared to the same period of last year, the company said. 

Vodafone Turkey, which has maintained growth at double-digit levels for the last seven years, raised its revenue from services to 4 billion Turkish Liras ($1.2 billion) from April to September, a company statement read.

The mobile operator’s earnings before interest, taxes, depreciation and amortization (EBITDA), increased by 30 percent, hitting their highest half-term record of 1.1 billion liras ($335.7 million) in the same period on a year-on-year basis.        

The number of Vodafone Turkey customers increased to a historic high this year of 22.6 million from 21.6 million in the same period last year.

Revenue from data soared by 50 percent year-on-year between April and September 2016 as a result of the introduction of 4.5G in April 2016.