Its revenues grew 3% in the second quarter, to RON535 million.
In the first six months, Nuclearelectrica posted 18% growth in net profit, to RON343 million, and a 2% drop in revenues, to approximately RON1.16 billion.
Operating profit (EBITDA) increased by 4.4% compared to the same period of the previous year. The increase was caused by a decrease in operating expenses, less depreciation and amortization by 9.4%, partially offset by a decrease in operating income of 2.1%, influenced by a 2% decrease in electricity sales revenues, the company said in its earnings report.
Operating income decreased 2.1%, due to a 9.6% increase in the weighted average price of the electricity sold in the first six months of 2020 and 8.6% growth in the total quantity of electricity sold.
During the first half of 2020, the Nuclearelectrica sold 19.6% of its energy on the regulated market at a regulated price.
The quantity of electricity sold on the competition market of bilateral contracts decreased by 47% in the first six months and benefited from a 15% increase in the average sale price on this market. The quantity sold by Nuclearelectrica on the spot market in the first six months grew 208%, while the selling price was 29% lower.