Zorlu Enerji shares climb after Q3 result turns to profit

Zorlu Enerji Elektrik Uretim AS

03/11/2025 08:19

** Shares in Turkey's Zorlu Enerji ZOREN.IS rise more than 5% after the power producer's Q3 net result swung to a profit

** Zorlu Enerji posts Q3 profit of 4.48 billion lira ($106.78 million) vs a loss of 1.34 billion lira a year ago

** "Zorlu Enerji's share performance could be positively affected in the short term, as the company reported a profit for the first time in 1.5 years," brokerage Global Menkul Degerler says

** Brokerage Gedik Yatirim notes the positive result was thanks to a one-off income of 7.6 billion lira from the company's sale of a 25% stake in Israel's Dorad power plant

** The Zorlu Enerji stock is among top performers on Istanbul's BIST 100 index .XU100, which is up 1.28%

($1 = 41.9551 liras)

(Reporting by Canan Sevgili)

((canan.sevgili@thomsonreuters.com))