Turkish Enerjisa Enerji's consolidated operating income in the first quarter of this year increased by 68 percent to 867 million Turkish Liras ($207.53 million) compared to the same period of last year, the company announced on Thursday.
The company said in a statement that its net profit was around 243 million liras in the first quarter of 2018.
"Our strong figures have brought us one step closer to our medium-term targets we set during the public offering," said the company's CEO Kivanc Zaimler.
Enerjisa's electricity distribution and retail companies went public at the beginning of February 2018.
The company's initial public offering was for 20 percent of its shares that Sabanci and E.ON divided equally.
Zaimler said that with this successful performance, the company's expectation for 2018 is to create operating income of 3 - 3.3 billion liras.
He added that the company is continuing distribution investments to widen and develop Turkey's energy infrastructure.
(1 USD = 4.12 Turkish Liras)
By Murat Temizer
Anadolu Agency