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Turkcell expected to release its financials for Q3 on Thursday. [IntelliNews - Weekly Reports](IntelliNews - Weekly Reports Via Acquire Media NewsEdge) Turkcell, the country's largest mobile operator, is expected to release its financials for the third quarter on Thursday after the market closes. The market expects Turkcell to report a net income of TRY 645mn (EUR 227mn) for Q3, according to the poll by CNBC-e. In Q3/2013, Turkcell posted a net income of TRY 699mn. Third quarter revenue of the mobile operator is seen at TRY 3.1bn, up from TRY 2.98bn a year ago. Turkcell's net income fell 12% y/y to TRY 493mn (market expectation: TRY 543mn) in the second quarter of 2014. The company's consolidated revenues rose 2% y/y to TRY 2.92bn in Q2. Turkcell (consolidated) Financials (bn TRY) 2013/H1 2014/H1 (y/y) Revenues 5,5 5,8 4,2% Gross Margin 2,1 2,2 7,7% Operating Income 1,6 1,4 -12,3% Net Income 1,1 0,9 -24,2% Source: PDP (c) 2014 Emerging Markets Direct Media Holdings LLC Provided by SyndiGate Media Inc. (Syndigate.info). [ Back To TMCnet.com's Homepage ] |