Turk Telekomunikasyon AS (TTKOM.IS) Tuesday said its fourth-quarter net profit increased by 6.4% on the year on the back of increasing operational incomes and extra income from sales.

Net profit in the fourth quarter of 2011 was 594.6 million Turkish lira ($336.1 million), below the TRY626 million forecast by analysts polled by Dow Jones Newswires, but higher than a TRY559 million net profit in the same period last year.

Turk Telekom's net profit for the full-year 2011 fell to TRY2.068 billion from TRY2.45 billion in 2010.

The company's income from sales increased to TRY11.9 billion in 2011 from TRY10.8 billion a year earlier.

Turk Telekom, controlled by Dubai-based Oger Telecom, listed on the Istanbul Stock Exchange in May 2008.

-By Yeliz Candemir, Dow Jones Newswires, +90 535 432 05 91; yeliz.candemir@dowjones.com

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