The company’s profit increased due to reorganization measures implemented by its judicial administrator Euro Insol, the power producer said in a press release Thursday.
Hidroelectrica had a turnover of RON1.851 billion in the first six months, from RON1.554 billion in the same period last year, due to higher power output, of 9.6 TWh, 1.1 TWh more than in the first half of 2014.
By June 20, the company had paid RON3.817 billion of its RON4.313 billion debt to creditors. The remainder represents installments on loans and credit lines due by September 2021.
Hidroelectrica is controlled by the state through the Ministry of Energy and has been insolvent since early 2014.