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ELSA - Societatea Energetica Electrica SA News Story

$9.58 0.0  0.0%

Last Trade - 30/11/21

Sector
Utilities
Size
Mid Cap
Market Cap £600.9m
Enterprise Value £713.5m
Revenue £1.16bn
Position in Universe 560th / 1788

BRIEF-Romanian Electrica's nine-month profit at 95 mln lei, down 80 pct y/y

Wed 15th November, 2017 7:12am
BUCHAREST, Nov 15 (Reuters) - Romanian state-owned power 
utility Electrica  ROEL.BX   
    * Says recorded a nine-month net profit of 95 million lei  
($24.17 
million), down roughly 80 percent from the same period of last 
year, because of higher prices for purchased electricity. 
    * Says the average electricity purchase price in the third 
quarter 
was 67 percent higher compared with the same quarter of 2016. 
    * Says power markett discrepancies in the first two quarters 
negatively impacted the group, with most of its profit achieved 
in the third quarter. 
    * Says its operational income stood at 4.17 billion lei in 
January-September, 0.5 percent lower on the year. 
    * Says it distributed roughly 13 TWh of electricity in the 
first 
nine months, up 2.8 percent on the year, to 3.69 million 
clients. It also provided 7.4 TWh of power, a different service, 
down 8.7 percent on the year. 
 
($1 = 3.9311 lei) 
 
 (Reporting by Luiza Ilie) 
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters 
Messaging: luiza.ilie.thomsonreuters.com@reuters.net)) 
 
Keywords: ELECTRICA RESULTS/
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