Turkcell Posts Upbeat Q3 Results
Turkcell Iletisim Hizmetleri AS (NYSE: TKC) posted upbeat results for the third quarter.
Turkcell's quarterly net profit surged to 570.8 million Turkish lira ($317.5 million), from TRY537 million, in the year-ago period.
Its revenue climbed 9% to TRY2.75 billion. However, analysts were expecting a net profit of TRY568.2 million on revenue of TRY2.71 billion.
Turkcell's EBITDA increased 4.7% y/y to TRY912 million.
Turkcell shares closed at $15.19 yesterday.
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