* Net profit hits $1.16 billion
* Sales climb 12 percent
* Q4 profit beats forecasts
(Adds quote, details)
ISTANBUL, Feb 22 Turkey's largest mobile phone
operator, Turkcell, posted a gain of 77 percent in
net profit to 2.079 billion lira ($1.16 billion) last year, due
to higher EBITDA and a lower impact from one-off items, the
In 2011, net income was hit by foreign exchange losses of
438 million lira and impairment charges of 204 million lira
recorded at its BeST unit due to a devaluation in Belarus.
Excluding one-off items, net income would have risen 20
percent to 2.291 billion lira last year. EBITDA rose 11 percent
to 3.242 billion lira. Sales in 2012 climbed 12 percent to
10.507 billion lira.
"For 2013 we believe that voice, mobile broadband and
increased contribution of our subsidiaries should continue to be
key growth drivers," Turkcell Chief Executive Sureyya Ciliv
He forecast consolidated revenues in the range of 11.2-11.4
billion lira and consolidated EBITDA in the range of 3.3-3.5
billion lira this year.
In the fourth quarter, Turkcell's net profit climbed 38
percent to 459 million lira ($257 million), narrowly exceeding a
Reuters poll forecast of 453.4 million, on sales up 15 percent
to $2.807 billion lira.
($1 = 1.7942 Turkish lira)
(Writing by Daren Butler; Editing by Matt Driskill)