Türkiye’s solar-energy company Smart Güneş returned to profit in January–September, with earnings attributable to owners of 151.9 million lira. Revenue increased to 11.55 billion lira. Operating activities nevertheless used 2.43 billion lira in cash. Higher trade receivables and prepayments absorbed funds, and cash holdings fell against the previous year-end.
Smart Güneş, Türkiye’s solar-energy company, reported January–September profit attributable to owners of 151.9 million lira, reversing a loss of 946.2 million lira a year earlier. Nine-month revenue increased from 9.60 billion lira to 11.55 billion lira. In July–September alone, profit attributable to owners was 36.9 million lira. The company published its financial results on November 7, covering the period through September-end.[1], [2]
Operating activities used 2.43 billion lira in cash over the nine months, after generating 1.70 billion lira in the comparative period. Increased trade receivables absorbed 2,221 million lira, while higher prepayments used 2,258.6 million lira. Changes in inventories also used cash. Increased trade payables provided 1,541.7 million lira. Altogether, working-capital movements absorbed 4,389.7 million lira during the reporting period.[1]
Cash and cash equivalents ended September at 286.3 million lira, down from 1,954.2 million lira at the previous year-end. Financing activities supplied 1,523.4 million lira, including inflows from capital advances, while investing activities used 377.4 million lira. Group net profit, which also includes non-controlling interests, was 137.1 million lira. The pretax result was a profit of 585.8 million lira, with tax expense of 448.7 million lira.[1]
