It said its exploitation profit dropped 10%, to RON234 million.
Electrica, which is 48.7% owned by the Romanian state, targets investments of RON678.2 million for 2020, of which RON597 million will be allotted to its distribution subsidiaries.
Energy
Electrica Net Profit Drops 10% in 2019, to RON206M
Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported consolidated revenues of RON6.2 billion for 2019, up 11% on the year, while its net profit dropped 10%, to RON206 million from RON230 million in 2018.