Turkcell revenue hits historic high

ISTANBUL

Turkcell CEO Süreyya Ciliv speaks during a press conference. Company photo

Turkcell Group has delivered a solid financial performance, posting revenue growth of 8 percent in the third quarter compared to the same period in 2012 and an increase of 11 percent year-on-year, reaching a record high single quarter revenue of around 3 billion liras.

Turkcell’s EBITDA margin also improved to 34.1 percent in this year’s third quarter, compared to the 33.1 posted on Sept. 30 2012. Net profits jumped 22 percent to 699 million liras in the third quarter.

“We have achieved strong results once again with our continued focus on innovation and operational excellence, investments in our infrastructure, and the increasing contribution of subsidiaries. We invested over 1 billion liras to increase our infrastructural capabilities more,” Turkcell CEO Süreyya Ciliv said in a written statement.