Turkcell’s Net Income Surges Amid Strong Consumer Growth in Turkiye

Bazaar Times

Factuality

Ownership

Turkcell’s Net Income Surges Amid Strong Consumer Growth in Turkiye

Net income of the leading mobile operator Turkcell surged by 29.8 percent annually to 23.5 billion Turkish Liras in 2024. Revenue amounted to 166.7 billion liras last year, marking a 7.8 percent increase compared to 2023. EBITDA was up 10.2 percent to 69.8 billion liras, while the EBITDA margin improved from 41 percent in 2023 to 41.9 percent. “Despite the Turkish economy being shaped by tight monetary policies and a focus on combating inflation…