It said its net financial revenue stood at RON329.3 million, down 9.5% on the year.

The utility group’s total assets at the end of 2018 stood at RON3.99 billion compared with RON4 billion the year before.

Its total debt decreased 80% on the year, to RON20.7 million, the company said in its earnings report.

Electrica plans investments totaling RON739 million for 2019, of which RON710 million in projects of its distribution subsidiaries.

Electrica is 48.7% owned by the Romanian state.