Electrica said its consolidated net profit was at 126.8 million lei (EUR28.5 million) for the January-March period, compared with RON95.9 million in the similar interval of 2014.
Total revenue increased 6.3% to RON1.34 billion, from RON1.26 billion in the first three months of 2014. The rise was supported by a 8.6% hike in revenue from supply and distribution of electricity, according to the company’s quarterly financial report.
Electrica, a company where the Romanian government controls a 48.8% stake, is listed on both Bucharest and London stock exchanges. Electrica shares traded flat in a Bucharest declining market.