The company had a gross profit of RON178 million in the first quarter of 2014.
Hidroelectrica produced and delivered 4,711 GWh of electricity in the first quarter, 37% more on the year, the company said in a press release Monday.
The company had a turnover of RON944 million (EUR212.1 million) in the first quarter, up 40% from RON676 million in the same period last year.
Hidroelectrica estimates it will produce 18 TWh of electricity this year, same as last year, and targets a profit of more than EUR300 million, 11% higher than last year.
Prime Minister Victor Ponta said in March the government wants to sell up to 25% in three state companies this year: Hidroelectrica, the Bucharest Airport Company and Constanta harbor.
Hidroelectrica is controlled by the state through the Ministry of Energy and is insolvent since early 2014.