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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% | 3.04 | 2.77 | 3.21 | 0.00 | 21:30:20 |
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
1 Year Turk Telekomunikasyon (PK) Chart |
1 Month Turk Telekomunikasyon (PK) Chart |
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