Electricity supplier and distributor Electrica recorded a net profit of EUR 31.6 million in the first quarter of the year, up by 12% over the same period in 2015.

The company supplied 8% more energy than in the first three months of last year. This led to a 3% growth in the revenues from the supply activity.

The electricity distribution volume rose by 3%, but the revenues dropped by 10% year-on-year. This was mainly due to lower tariffs, according to Electrica.

The operating revenues of Electrica totaled EUR 336 million in the first quarter, up by 6% year-on-year.

In the first quarter of 2015, the company saw a net profit of EUR 28.2 million.

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