Energy company assets in BIST reach TRY 60 billion

Dünya Executive - - BUSINESS - FINANCE

TThe total assets of 7 publicly-traded energy companies - Ak Enerji, Aksu Enerji, Ayen Enerji, Bomonti Elektrik, Enerjisa Enerji, Odas Elektrik and Zorlu Enerji - increased by 25 percent to nearly TRY 60 billion compared to TRY 47.8 billion in the first quarter of 2018. Enerjisa Enerji’s assets increased by 28.8 percent to TRY 24.4 billion, Zorlu Enerji’s assets increased by 25.2 percent to TRY 17 billion and Aksa Enerji’s assets by 27.2 percent to TRY 6.8 billion.

In the first quarter of this year, four companies increased their sales compared to the same period of the previous year, while the sales of three companies decreased. In this period, net sales of the companies increased by 14 percent compared to the first quarter of 2018 and reached TRY 8.3 billion. Three companies announced profit in this period, while four companies suffered losses. Aksa Enerji increased its profits by 296.8 percent to TRY 50.9 million while Enerjisa Enerji increased its profits by 22.5 percent to TRY 297.5 million, followed by Zorlu Enerji, which increased its profit by 1.43 percent to TRY 35.8 million. In the said period, Ak Enerji lost TRY 259.4 million and Ayen Enerji lost 17.3 million.

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