TRKNY Turk Telekomunikasyon (PK)

2.65

-0.10 (-3.64%)

16 Apr 2025 - Closed

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
	-0.10	-3.64%	2.65	2.50	2.81	2.65	2.65	2.65	3,500	21:11:11

Turk Telekom Net Profit Rises Less than Expected

16/07/2012 1:46pm

Dow Jones News

Turk Telekomunikasyon (PK) (USOTC:TRKNY)
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ISTANBUL--Turk Telekomunikasyon AS (TTKOM.IS) said Monday its second-quarter net profit rose 24.5% on the year, reflecting foreign exchange gains as a result of the depreciation of the euro against the Turkish lira, but lower than analysts' forecasts.

Net profit was 629.6 million Turkish lira ($347.08 million), below the TRY661 million forecast by analysts polled by Dow Jones Newswires, but it was higher than the net profit of TRY505.7 million a year earlier.

The company's income increased to TRY3.18 billion in the quarter from TRY2.96 billion a year earlier.

After the lower-than-expected results, Turk Telekom shares were trading steady at TRY7.00, amid a 0.02% lower overall Istanbul market at 1200 GMT.

Turk Telekom, which is controlled by Dubai-based Oger Telecom, listed on the Istanbul Stock Exchange in May 2008.

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