The company also reported a turnover of RON2.406 billion in January-September, while its net profit margin rose to 37%, from 29% in the same period a year before.

Hidroelectrica said in a statement that it became the most profitable company in Romania, with an EBITDA of 67% of the turnover at the end of the third quarter. The results were obtained on the backdrop of the decrease of electric power prices compared with last year.

At the end of September, Hidroelectrica had 3,327 employees.

In the first nine months of 2016, the company reported an output of 13.28 terawatt-hour of electricity, produced in its 207 hydropower plants.

Hidroelectrica exited insolvency in June this year after a four-year insolvency process and plans to list a 15% stake on the stock exchange.