Turk Telekom Net Profit Rises Above Forecast
17 April 2012 - 10:02PM
Dow Jones News
Turk Telekomunikasyon AS (TTKOM.IS) said Tuesday its
first-quarter net profit rose 27% on the year, reflecting foreign
exchange gains based on a strengthening Turkish lira versus the
dollar.
Net profit was 771.6 million Turkish lira ($431.03 million),
above the TRY731 million forecast by analysts polled by Dow Jones
Newswires, and compares with net profit of TRY608.8 million in the
same period last year.
The company's income increased to TRY2.95 billion in the quarter
from TRY2.88 billion a year earlier.
After the better than expected results, Turk Telekom shares were
trading 2.2% higher at TRY7.38, amid a 0.7% higher overall Istanbul
market at 1120 GMT.
Turk Telekom, which is controlled by Dubai-based Oger Telecom,
listed on the Istanbul Stock Exchange in May 2008.
-By Yeliz Candemir, Dow Jones Newswires, +90 530 224 77 49;
yeliz.candemir@dowjones.com
Turk Telekomunikasyon (PK) (USOTC:TRKNY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Turk Telekomunikasyon (PK) (USOTC:TRKNY)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Turk Telekomunikasyon (PK) (OTCMarkets): 0 recent articles
More Turk Telekomunikasyon A.S. ADS News Articles