Turksat's revenue in 2020 increased by 40.7 percent compared to 2019, reaching 2.5 billion Turkish liras (TRY).
Turksat increased its revenue from 1.8 billion lira to 2.5 billion TRY, with 986 million liras and 39.5 percent of the revenue from cable services.
Cable services revenues also increased by 29.4 percent in 2020 compared to the previous year. In 2019, cable services revenue was 762 million TRY.
This was followed by a revenue of 844 million TRY from satellite services with a share of 33.8 percent. Information services also followed with a share of 26.6 percent and revenue of 665 million TRY.
The company's gross profit increased by 42.7 percent from 660 million lira to 942 million TRY.
Turksat's net profit for the period increased by 77.7 percent and reached 800 million TRY from 450 million TRY.