The company’s shareholders approved the distribution of 2016 profit at their general meeting of May 29.
The amount will be distributed depending on the quota of shares held and the Energy Ministry is to receive nearly RON830 million.
Hidroelectrica’s insolvency was managed by lawyer Remus Borza and the firm he owns, Euro Insol.
Hidroelectrica reported a profit of RON744 million in January-May 2017, 26% higher than the gross profit registered in the same period a year before.
In 2016, Hidroelectrica reported a turnover of RON3.3 billion and its net profit of over RON1.2 billion takes the compay’s energy margin to 36%.
The top ten most profitable companies include three state-owned businesses – Hidroelectrica, Romgaz and Transgaz, all of them operating in the same sector.