Nuclearelectrica reports 13 pct profit increase in 2015 y/y despite lower sales

Newsroom 15/02/2016 | 14:10

The electrical energy producer Nuclearelectrica registered profits of RON 149.8 million in 2015, 13 percent higher than in 2014, according to a company report submitted to the Bucharest Stock Exchange.

Total revenue from the sale of electrical energy was RON 1.67 billion in 2015, with revenue from the sales of energy on the free market making up most of the number (RON 1.3 billion), followed by revenue from the sales of energy on the regulated market (RON 35.7 million), sales of heat energy (RON 2.09 million) and sales of green certificates (RON 6,500). Compared to 2014, the total sales decreased from RON 1.68 billion to the RON 1.67 billion 2015 value.

As for the quantity of energy sold, that on the regulated market was of 2.25 million MWh in 2015, compared to 3.7 million MWh in 2014, and on the free market it went from 7.1 million MWh in 2014 to 8.5 million MWh in 2015. In total, the quantity of energy sold in 2015 was of 10.7 million MWh.

Starting with 2016, the exception from the definition of a building will no longer be applicable for nuclear power plants and so Nuclearelectrica will be obligated to pay tax for non-residential buildings belonging to authorised persons for its two nuclear reactors. The tax is payable to the Cernavoda local council. At the same time, given that the tax on buildings will be applicable, the company will no longer have to pay a tax on special constructions in 2016 for the two power plants, detailed the report.

At noon on Monday, the price of Nuclearelectrica shares was up by 0.90 percent trading on the Bucharest Stock Exchange.

Andreea Tint

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