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Societatea Energetica Electrica SAAnnouncement

19/08/2016 11:41

RNS Number : 2402H
Societatea Energetica Electrica SA
16 August 2016
Electrica Group - 2016 Half Yearly Results
including interim condensed consolidated financial statement as of and for the period ended June 30, 2016
H1 2016 compared to H1 2015
- Net profit increased by 21% and EBITDA went up by 17%
- The quantity of supplied energy increased by 9% and the distributed quantity registered an increase of 2%
Iuliana Andronache, CEO of Electrica SA:"Continuing the evolution from the last year, the Electrica Group results in the first half of 2016 are good, proving that Electrica's reform plan is the right one and that the measures implemented by the Company's management are optimal. It is worth noting that the most significant net profit growth, 28% respectively, is the one attributable to Electrica's shareholders.
This increase was generated mainly by the gain on the deconsolidation of Societatea Servicii Energetice Moldova, resulting from measures for Group structure optimization."
Financial Results
H1 2016
(RON mn.)
H1 2015
(RON mn.)
 %
Group net profit
336
277
+ 21%
Net profit attributable to Electrica's shareholders
269
210
+28%
Operational profit
400
316.5
+26%
Operational revenues
2,844
2,725
+4.4%
Operational expenses
2,444
2,408.5
+1%
EBITDA
577
493
+17%
Attachments:
 Condensed Consolidated Interim Financial Information at 30 June 2016
 2016 Half Yearly Report of the Board of Directors
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/2402H_1-2016-8-16.pdf

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