Transelectrica announces a 22 percent drop in net profit

Transelectrica officials also announced that the company's business had reached EUR 796 million, a 26 percent increase on its 2007 results. It saw a 25 percent hike in revenue to EUR 812 million last year, while spending advanced 27 percent to EUR 799 million.
The company's majority owner is the Ministry of Finance, which controls 73.69 percent, while the Property Fund has a share package of 13.5 percent. According to its share value on the Bucharest Stock Exchange, Transelectrica has a market value of EUR 178.4 million.
The national power transporter runs 77 power stations with an approximate capacity of 35,000 MW and 8,955 kilometers of aerial power lines.
Dana Ciuraru