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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

Romanian Electrica's H1 net profit up 74% y/y

Thu 13th August, 2020 5:55pm
BUCHAREST, Aug 13 (Reuters) - Romanian state-owned power
utility Electrica  ROEL.BX  
    * Says recorded a net profit of 190 million lei ($46.48
million)
in the first half, up 74.2% from the same period of last year.
    * Says EBITDA rose 35.4% on the year to 485.6 million lei,
supported in part by lower electricity acquisition costs.
    * Says retail supplied electricity fell by 0.8% on the year,
while
total distributed power fell by 4.8%.
    * Says its CAPEX plan for 2020 was raised slightly to 698.3
million lei from 678.2 million lei. 

Further company coverage:  ROEL.BX 
($1 = 4.0877 lei)

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