Turk Telekom net profit slightly below forecasts on higher cost of sales

Turk Telekomunikasyon AS reported Wednesday a near 1% rise in fourth-quarter net profit, but the result was slightly below analyst expectations due to a higher cost of sales.

Net profit totaled 599.5 million Turkish lira ($339 million), below the TRY608 million forecast of analysts polled by Dow Jones Newswires, and marginally