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Income Statement (TRY)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 34.9B | 13.3% |
| Gross Profit | 8.39B | 25.6% |
| Cost of Revenue | 26.5B | 9.9% |
| Operating expense | 3.45B | 18.3% |
| Net Income | 2.9B | 10.2% |
| EBITDA | 18.8B | 36.8% |
Balance Sheet (TRY)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 300B | 6.2% |
| Total Liabilities | 147B | 6.2% |
| Total Equity | 152B | 6.2% |
| Shares Outstanding | 2.18B | 0% |
Cash Flow (TRY)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 11.2B | 50.9% |
| Cash from financing | -72M | 101.4% |
Financial Highlights for Turkcell in Q2 '24
Turkcell reported a revenue of 34.9B, which is a 13.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 8.39B, marking a 25.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 26.5B, a 9.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.45B, showing a 18.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.9B, showing a 10.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 18.8B, showing a 36.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Turkcell with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
