Turksat has announced that its revenue in 2020 increased by 40.7% compared to 2019, reaching TL2.5bn (300m).
In a statement, the company says that its cable business had, at TL986m, the highest share (39.5%) of revenues.Cable service revenues were in fact 29.4% higher than in 2019, when they amounted to TL762m ($93.05m).
Meanwhile, satellite service revenues in 2020 were TL844m ($103.06m) and claimed a share of 33.8%, and IT revenues TL665m ($81.20m) and a share of 26.6%.
Turksat notes that the value of its fixed assets in 2020, especially Turksat 5A and 5B increased by 38% to TL6.3bn ($0.769bn).
Its total liabilities related to the financing of the two satellites increased by 52.2% to TL3.4bn ($0.415bn).
On a sectoral basis, satellite services accounted for the highest EBITDA ($175.22m), followed by cable ($99.01m) and IT services ($28.09m).
Satellite services also had the highest EBITDA margin at 74.6%.
Add Comment