Aksa Energy increased its turnover to ₺8 billion 294 million in the first quarter of the year, with an increase of 41% compared to the same period of the previous year.
Aksa Energy increased its turnover to ₺8 billion 294 million in the first quarter of the year, with an increase of 41% compared to the same period of the previous year.
According to the statement made by the company, Aksa Energy, Turkiye’s largest publicly traded global electricity producer, published its consolidated financial results for the period in question on the Public Disclosure Platform.
Aksa Energy, with its domestic and international operations, increased its turnover to ₺8 billion 294 million in the first quarter of the year, an increase of 41% compared to the same period of the previous year.
With the contribution of the company’s foreign currency-based income from its foreign operations, profit before interest, depreciation and tax (EBITDA) increased by 11% compared to the first quarter of last year and reached ₺1 billion 671 million.
In addition, it was noted that the ratio of the company’s net financial debt to EBITDA decreased to a level of 0.96, well below the industry average, thanks to the positive impact of strategic investments on profitability and effective balance sheet management.
Pre-licenses started for storable wind projects
Within the scope of its ‘Sustainable High Growth’ strategy, Aksa Energy also increases the diversity of resources in its production portfolio. For this purpose, the company, which invests more in renewable energy technologies, diversified its activities by obtaining a preliminary license for the installation of a storage wind power plant with a total installed capacity of 182.24 megawatts in Mersin and Manisa. In the statement, it was stated that the company closely follows projects focused on renewable energy and energy transformation on a global scale, including in Turkiye, and it was stated that Aksa Energy will take firm steps towards the company’s medium and long-term strategic goals with new investments.
Source: AA / Prepared by Irem Yildiz