In the first nine months, the company reaped a profit of 132.9 million lei and recorded revenues of 2.01 billion lei.
Turnover fell 11% to 1.79 billion lei (€0.4 billion) in the period under review, while revenues dropped 10% to 1.83 billion lei (€0.8 billion).
Expenses dropped at a lower rate, of 4%, to 1.81 billion lei (€0.4 billion). The electricity company reported a profit of 8.9 million lei (€2.1 million) in Jan-Sep, 13-fold lower than the same period of last year.
Transelectrica has revised its full-year profit forecasts, from 70 million lei to 10 million lei (€2.36 million).
Transelectrica has a share capital of 733 million lei, divided into73.3 million shares with a face value of 10 lei. The Ministry of Economy is the largest shareholder with 73.68% equity position. Fondul Proprietatea holds 13.49% shares.
The company’s market cap is 864.9 million lei (201 million lei) according to yesterday’s closing quote of 11.8 lei/share.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Transelectrica reports 12 times lower profit.