The company expects a profit of RON121 million for the full year.
Electrica’s operating profit dropped by RON138 million in the first half due to the negative impact of new regulations.
The group’s operating revenue amounted to RON3.18 billion, up 16.6% on the year.
“We are pleased to say that, despite the challenging context, Electrica Group managed to overcome a part of the negative conditions of the energy market and the regulatory framework and to record a consolidated net profit of RON109 million in the first 6 months of the year, which represents 90% of the budgeted value for 2019,” said Electrica CEO Corina Popescu.
“We have ambitious plans for the next period, which, in addition to continuing the optimization programs of the Group’s activity, include the products and services offer improving in the supply segment, as well as meeting the needs of our customers, both by developing new solutions and services, as well as by sustained investments in networks and technology,” she added.
On the distribution segment, revenues grew 6.6%, to RON1.326 billion.
Revenue from the electricity supply segment increased 20.5% on the year in the first half, to RON2.385 billion, as a result of rising selling prices and growth in the quantity of electricity and natural gas supplied.