Transelectrica turnover drops 20 percent but profit gets 12 times higher
National power distributor Transelectrica posted turnover worth EUR 376 million for the first nine months of this year, a 20 percent drop compared to the same period of last year. In the same time, the company’s profit increased 12 times and reached EUR 29.8 million before audit.
2013-11-14 16:00:46
The company's operational income has been estimated to EUR 382 million at nine months this year, a 19.9 percent drop compared to last year, according to the company report published by BSE. However, the company assets fell by 6.07 percent to EUR 4.64 billion, from EUR 4.94 billion registered last year. The total costs of the national power distributor fell by 24 percent to 1.52 billion lei (EUR 344 million) while the total debt was 16.3 percent lower, to 2.1 billion lei. Transelectrica distributes power to large consumers as: Complex Energetic Oltenia, Electrica Furnizare, Enel Energie Muntenia, Ciga Energy, EON Energie România, Enel Energie, Hidroelectrica and SN Nuclearelectrica. For 13.69 lei per share, the company capitalization is worth EUR 224 million.
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