Enerjisa Enerji continues growth momentum in Q3 2019
Turkey's leading electricity distribution and retail company Enerjisa Enerji reports Underlying Net Income of TL 798 million for the first 9 months, already exceeding last year’s full-year figure. The year-end bottom-line earnings outlook is specified to even exceed TL 1 billion and the company confirms its positive free cash flow expectation for the year-end.
Turkey’s leading electricity distribution and retail company Enerjisa Enerji, published its financial statements as of 30.09.2019. According to the results, the company has increased its consolidated operational earnings by 27% to TL 3,487M as of 9M 2019, compared to the results of the previous year. Enerjisa Enerji’s underlying net income reached TL 798 M within the same period.
“Accelerated bottom-line earnings development in Q3, reiterating target to turn cash flow positive by year end and specifying full-year bottom-line earnings in excess of TL 1 bn.”
Evaluating the company's financial results for 9M 2019, Enerjisa Enerji CFO Dr. Michael Moser stated that “Enerjisa Enerji managed to maintain its strong operational earnings growth in the third quarter, while optimizing its financial expenses at the same time, leading to accelerated bottom-line earnings growth.”