Turkcell FY2011 revenues rise 4.1% to TRY9.37bn; net income plummets 33%

Istanbul-based telecoms group Turkcell has reported group revenue TRY9.37 billion (USD5.34 billion) for the twelve months ended 31 December 2011, representing a 4.1% rise year-on-year. EBITDA dropped 1.2% year-on-year to TRY2.91 billion, whilst net income slumped 33.2% from TRY1.76 billion in 2010 to TRY1.17 billion.

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OVETEL Turkcell FY2011 revenues rise 4.1% to TRY9.37bn; net income plummets 33%