Transelectrica’s net profit down by 20.7 pct in 2016

Newsroom 15/02/2017 | 12:16

Transelectrica registered in 2016 a net profit of RON 285.511 million, a drop by 20.7 percent compared with 2015, according to the initial financial statements for the financial year closed at December 31, according to the Bucharest Stock Exchange (BVB).

The revenue of the company amounted to RON 2.722, lower by 8.76 percent compared with 2015. The most significant revenues came from the transport service, amounting to RON 1.146, while the revenues from the system services amounted to RON 716.336 million and the equilibrium market revenues amounted to RON 814.105 million.

The exploitation expenses stood at around RON 2.358 billion, from RON 2.535 billion in 2015 and the profit from exploitation went down to RON 364.477 million from RON 448.654 million at December 31 2015.

According to the document, Transelectrica had at the end of 2015 long term debts of RON 1 billion, a drop from RON 1.11 billion registered in 2015.

Transelectrica is a transport and system operator from Romania, with an important role in the national energy market. Also it is responsible for the energy transport.

Georgiana Bendre

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