The company posted a consolidated net profit of RON428 million. Its operating profit increased 22% in the same period, to RON497 million, while profit distributable to shareholders increased 38%, the company said.
Electrica’s consolidated revenue from operations rose 10% in January-September, to RON4.13 billion, as both the distribution and supply segments registered posted higher revenue.
Revenue from the electricity distribution segment increased 6%, to RON1.845 billion, following a 6% rise in distributed volumes. Revenue from power supply operations rose 7%, to RON3.286 billion, due to a 6% growth in supplied volumes.
Operating expenditure, except electricity acquisition costs, decreased 2%, while power acquisition expenditure rose 20%, to RON1.99 billion, due to growth in supplied volumes and higher acquisition costs.
In January-September, Electrica distributed around 12.7 TWh of electricity and supplied around 7.6 TWh to 3.6 million end consumers.
Distribution operations accounted for 36% and supply accounted for 64% of Electrica’s revenue in the first nine months.
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 48.8% interest in Electrica.