The company said it posted net profit of 35.4 million lei (EUR8 million) for the January-March period, compared with RON31.9 million in the same interval of 2014.
Nuclearelectrica reported operating income of RON486.4 million, up slightly from RON481.9 million in the first quarter of 2014. The company delivered to 2.7 million megawatt-hours of electricity in the first three months, down 2% from the year-ago period.
Despite the production decline, the company’s operating profit increased following a decline in tax costs, Nuclearelectrica said in its quarterly financial report.
Earnings before interest, tax, depreciation and amortization, or EBITDA, rose 24% on the year to RON160.3 million. Operating costs were down 7% due mainly to the decrease of the tax rate for special constructions from 1.5% last year to 1% in 2015.
Nuclearelectrica operates Romania’s sole nuclear power plant in Cernavoda. Its two 700-megawatt reactors ensure almost 20% of the country’s energy consumption.