Vodafone Turkey figures hit four-year high

Vodafone Turkey figures hit four-year high

ISTANBUL – Anadolu Agency
Vodafone Turkey figures hit four-year high

AFP Photo

Vodafone Turkey recorded its highest level of half-year income in the past four years in the six-month period that ended Sept. 30, according to the company’s chief executive officer.

In the six-month period until the end of September, the company earned 4.4 billion Turkish Liras, CEO Gökhan Öğüt said Nov. 10, adding that the share of the company in the mobile market rose to 35.9 percent.

The total income of the company increased by 28 percent during the period year on year. The EBITDA margin, meanwhile, increased by 29.6 percent, rising to 848 million liras. The company’s operating profit also increased by double during the same period, totaling 301 million liras. 

The number of subscribers of Vodafone Turkey increased by 814,000, rising to 21.6 million. The average revenue per user (ARPU) also demonstrated an increasing trend, reaching 25.9 liras, equaling 14 percent year on year.

Data revenues also increased by 92 percent year on year thanks to an ongoing increase in smartphone penetration at 53 percent. 

The company will continue its investments with the goal of introducing the latest broadband technologies to Turkey, Öğüt said.