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TRKNY Turk Telekomunikasyon (PK)

2.61
0.00 (0.00%)
Last Updated: 16:46:00
Delayed by 15 minutes
Name Symbol Market Type
Turk Telekomunikasyon (PK) USOTC:TRKNY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 2.61 2.67 3.12 0.00 16:46:00

Turk Telekom 1Q Net Profit Falls 32% on Forex Losses

16/04/2013 11:16am

Dow Jones News


Turk Telekomunikasyon (PK) (USOTC:TRKNY)
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By Yeliz Candemir

ISTANBUL--Turk Telekomunikasyon AS (TTKOM.IS) reported Tuesday a 32% decline in first-quarter net profit due to foreign-exchange losses, but the result was slightly above analyst expectations.

Net profit totaled 526.4 million Turkish lira ($293 million), slightly above a market consensus forecast of TRY506 million, but below the TRY771.6 million profit posted a year earlier.

Income from sales increased to TRY3.14 billion from TRY2.96 billion, according to a statement to the Istanbul Stock Exchange.

After the results, Turk Telekom shares were trading 0.25% lower at TRY8.04, amid an overall decline of 0.6% in the Istanbul market by 0930 GMT.

Write to Yeliz Candemir at yeliz.candemir@dowjones.com

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