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TRKNY Turk Telekomunikasyon (PK)

2.94
0.00 (0.00%)
28 Mar 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
  0.00 0.00% 2.94 2.55 2.89 0.00 20:08:12

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


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