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ELSA - Societatea Energetica Electrica SA News Story

$9 0.0  0.0%

Last Trade - 30/11/21

Sector
Utilities
Size
Mid Cap
Market Cap £572.4m
Enterprise Value £683.1m
Revenue £1.14bn
Position in Universe 566th / 1804

Power prices drive Romanian Electrica's nine-month net profit down

Fri 12th November, 2021 4:55pm
BUCHAREST, Nov 12 (Reuters) - Romanian state-owned power
utility Electrica  ROEL.BX  
    * Says recorded a net profit of 72 million lei ($16.67
million) in
the first nine months, sharply down from 396 million lei in the
same period of last year, primarily driven by higher electricity
purchasing prices. 
    * Says revenue totalled 5.16 billion lei, up 5.4% on the
year.
    * Says acquisition costs for electricity rose 23.4% on the
year to
3.4 billion lei.
    * Says distributed roughly 13.8 TWh to 3.8 million users, up
7.3%
on the year. 
    * Says supplied roughly 6.9 TWh on the retail power market,
up
1.3% on the year.

Further company coverage:  ROEL.BX 
($1 = 4.3197 lei)

 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))
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