Turk Telekom’s revenues climb 10%, helped by 16% rise at Avea

Turk Telekom has posted consolidated annual net profit of TRY2.328 billion (USD1.315 billion) for 2011, down by 18.4% on the previous year, although group revenues grew by 10.0% compared to 2010, reaching TRY11.941 billion on the back of strong operating performance. Operating profit was TRY3.5 billion, which represents a 6% year-on-year increase, and EBITDA reached TRY5.1 billion, up by 5.0%.

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OVETEL Turk Telekom’s revenues climb 10%, helped by 16% rise at Avea