Its operating profit stood at RON170 million in the first quarter of 2016, up 19% against the same interval a year before, and its earnings before interest, taxes, depreciation and amortization (EBITDA) rose 12% to RON258 million.
The electricity supply segment saw a 3% increase in revenue in January-March 2016, due to an 8% increase in the amount of electricity supplied, compared with the first quarter of 2015.
“Despite a 3% increase in the amounts of electricity supplied, revenue on the distribution segment fell 10%, due to reduced tariffs,” Electrica said.
Operating expenses rose 5%, mainly due to acquiring a higher amount of electricity, coupled with an increase in the amounts of electricity distributed and supplied, compared with the first quarter of 2015.
Electrica targets investments of RON834 million in 2016.