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ELSA - Societatea Energetica Electrica SA News Story

$9.2 0.0  0.0%

Last Trade - 30/11/21

Sector
Utilities
Size
Mid Cap
Market Cap £571.3m
Enterprise Value £683.5m
Revenue £1.16bn
Position in Universe 573rd / 1782

Romanian Electrica nine-month net profit down 48.1% y/y

Fri 15th November, 2019 6:55am
BUCHAREST, Nov 15 (Reuters) - Romanian state-owned power
utility Electrica  ROEL.BX  
    * Says recorded a net profit of 161 million lei ($37.28
million)
in the first nine months, down 48.1% on the year, driven by
regulatory instability and higher power acquisition costs.
    * Says EBITDA fell 22.1% on the year to 549 million lei.
    * Says operational income rose 14.5% to 4.7 billion lei,
boosted
by higher average distribution and sale tariffs.
    * Says power acquisition costs rose 31.8% on the year in the
first
nine months to 2.45 billion lei. 
    * Says it distributed 13.3 TWh of electricity in the first
nine
months, 0.5% higher on the year, to 3.77 million clients.

Further company coverage:  ROEL.BX 
($1 = 4.3188 lei)

 (Reporting by Luiza Ilie)
 ((luiza.ilie@thomsonreuters.com; +4021 305 5262; Reuters
Messaging: luiza.ilie.thomsonreuters.com@reuters.net))
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