“The value of the three mortgage contracts for the amounts of money blocked in the bank account is equivalent with the total value of loans granted to the distribution units for the financing of cash deficit resulted mainly from investment activities, namely, RON320 million,” according to a stock market document.
Electrica had revenue of RON2.7 billion in the first half of 2016, up 3.3% on the year, while its net profit rose 21% to RON335 million.