Turkcell announced 2019 Q4 financial results

Net profit rose, 61% higher than 2018

Turkcell announced 2019 Q4 financial and operational results. Turkey’s no 1 operator by subs posted bio TRY 25.137  (~USD 4.2 billion)  revenue, 18.1 up as compared to 2018 Q4. On the other hand Turkcell’s net profit rose to bio 3,2 (~USD 5.25 billion), 61% higher than Q4 2018.

Here are some figures from Turkcell’s financial and operational results:

-Consolidated EBITDA rose by 18.6% to TRY 10.4 billion (~USD 1.65 billion) and the EBITDA margin was at 41.5%. EBIT margin was 21.4%.

-Registered a net total of 1.5 million mobile postpaid subscribers

-Average mobile data usage was 9 GB in the fourth quarter up 53%, while the internet usage of 4.5G subscribers reached 10.8 GB.

-Smartphone penetration reached 76%.

-Fiber subscribers now 1.5 million, while IPTV subscribers had reached approximately 720 thousand.

-Turkcell generated 1 billion TL (~USD 163 million) revenue from digital services on a stand-alone basis. Some of such services include BiP (messaging app), Dergilik (subscription-based magazine app), fizy (music streaming app) and TV+ (TV streaming app).

-Paycell, Turkcell’s techfin payment platform, has approximately 4.5 million active users, with Paycell accepted as a means of payment at 7 thousand points. And money transaction reached TRY 5.7 billion (~USD 934 million) through the platform.

At the Q&A session of the press conference held in The Marmara Hotel Taksim, Murat Erkan, CEO at Turkcell, said they were not expecting a 5G tender this year in Turkey. Erkan added that 8% of Turkcell’s revenues come from the international operations, ranging from Ukraine to Turkish Republic of Northern Cyprus.

P.S: The company will be announcing 2020 1Q financials very soon.

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