Hidroelectrica had a turnover of RON4.25 billion, up 30.7% on the year, the report showed.
Its operating profit grew 35% on the year in 2018, to RON3.05 billion.
It sold 16.9 million Mwh of electricity in 2018, up 22.7% on the year.
Fondul Proprietatea owns 20% in Hidroelectrica and estimates its holding at around RON3.9 billion end-2018, which means the state-owned hydropower company is assessed at RON19.5 billion.
In January, Fondul Proprietatea lowered its assessment of Hidroelectrica by RON391 million due to new orders form the country’s energy regulator ANRE.
According to the new regulatory provisions, the electricity producers operating nuclear or hydro production units would be required to sell up to 65% of their expected output on the regulated market, at prices approved by ANRE based on a cost plus 5% methodology.