In 2014, Electrica reported net profit of RON269.4 million.

The company’s revenue increased 57% on the year, to RON383.7 million from RON244.5 million in 2014, the company said in its preliminary earnings report.

The power company had debts amounting to RON104.5 million at the end of last year, from RON97.7 million end-2014.

It also said it invested RON1.43 billion in its subsidiaries in 2014, about the same as in 2014.

Electrica is a holding company for a group which comprises four electricity distribution subsidiaries, one supply company and three service firms. The Romanian government holds a 48.7% interest in Electrica.