Hidroelectrica proposed the revision at the end of May and expects a net profit of RON4.15 billion, 14.2% lower than previously approved and 34.4% lower than last year’s net profit.
The revision is due to “the recent influence, unprecedented and significant, of certain legislative changes and external factors that are affecting the financial position of the company,” Hidroelectrica said in a previous report.
The company also expects a revised gross profit of RON5 billion, total revenue of RON10.3 billion and total expenses of RON5.3 billion in 2024. The expected revenue is therefore 5.4% lower than in the budget already approved and 15.6% lower than last year.
It also budgeted RON3.8 billion dividends for this year, compared with the RON6.2 billion allocated in 2023.
(English version by Loredana Fratila-Cristescu)