Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 08, 2022 at 11:15 am EDT
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Türk Telekomünikasyon Anonim Sirketi reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TRY 10,731.8 million compared to TRY 8,181.38 million a year ago. Net income was TRY 1,392.16 million compared to TRY 1,272.41 million a year ago. Basic earnings per share from continuing operations was TRY 0.3978 compared to TRY 0.3635 a year ago. Diluted earnings per share from continuing operations was TRY 0.3978 compared to TRY 0.3635 a year ago.
For the six months, sales was TRY 20,203.06 million compared to TRY 15,768.3 million a year ago. Net income was TRY 1,952.87 million compared to TRY 2,628.02 million a year ago. Basic earnings per share from continuing operations was TRY 0.558 compared to TRY 0.7509 a year ago. Diluted earnings per share from continuing operations was TRY 0.558 compared to TRY 0.7509 a year ago.
Turk Telekomunikasyon AS is a Turkey-based company, which is engaged, together with its subsidiaries, in the telecommunication sector. The Group provides local, national, international and mobile telecommunication services, internet products and services, as well as call center and customer relationship management, technology and information management. Turk Telekomunikasyon AS operates under the following segments: Fixed Line and Mobile. Fixed Line services are provided by Turk Telekom, TTNET AS, Argela Yazilim ve Bilisim Teknolojileri Sanayi ve Ticaret AS, Innova Bilisim Cozumleri AS, Sebit Egitim ve Bilgi Teknolojileri AS, AssisTT Rehberlik ve Musteri Hizmetleri AS and TTINT Group whereas Mobile service is provided by Avea Iletisim Hizmetleri AS.