Romanian Transelectrica’s profit grows 29 times in the first nine months
State-owned energy transport company Transelectrica posted a net profit of EUR 36.5 million (RON 153.7 million), 29 times higher than the one reported in the same period in 2010, and a net turnover of EUR 463 million (RON 1.95 billion), up 7.7 percent over the first nine months of last year.
Transelectrica’s expenses went down by 1.5 percent year-on-year, to EUR 451 million (RON 1.9 billion).
Transelectrica, owned by the Romanian Economy Minister, runs the country’s electricity transport system.
Irina Popescu, irina.popescu@romania-insider.com
(photo source: Sxc.hu)
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