Hidroelectrica posts RON 124 million profit in October

Newsroom 12/11/2014 | 17:32

The state-owned hydroelectricity producer Hidroelectrica reported a RON 124 million profit for the month of October. For the first ten months of the year the company posted a profit of RON 943 million, up 23.64 percent compared to the same period of 2013. The company says the growth is due to the higher energy sales and the cost controls imposed by the legal administrator Euro
Insol through its reorganization plan.

In the first ten months of this year, Hidroelectrica produced and delivered 15,5 TWh. For the whole of 2014 it estimates a production of minimum 17,5 TWh.

The company’s turnover at the end of October 2014 reached RON 2.7 billion, up 11.24 percent compared to the same period of the previous year. Until the end of the year the company says it estimates a turnover of RON 3.2 billion.