Profitability figures of the last 2 year varies depending on the periodicity & optimization of revenue accruals & tax. Due to the high capital requirement of the TANAP project, most of the revenues and profit were realized in 2017. Turkey has been selected as the main profit location for Kazakhstan operations. Profitability has been realized higher, due to tax optimization in Azerbaijan operations. In Turkey, tax exemption applies to Turkish EPC companies which have operations in Azerbaijan. Therefore Azerbaijan operations of ENEFCON are tax exempted.

The liquidity & debt ratios of 2017 & 2018 are better than the sector standards. Assets & Current Assets are based in USD currency in order to minimize exchange rate risk against Turkish TL. Low amount of Long term debt consists of low risk TL. Other short-term payables consists of TL, USD and EUR payables. (Mostly Supplier payables)