Nuclearelectrica reported a net profit of nearly RON67 million for the first quarter of 2016, 89% higher than in the same period last year. Its expenses fell by 14.4%, to RON378.45 million, during this period. Its exploitation revenue declined 2.3% on the year in the first quarter, to RON457.7 million, while financial revenue grew nearly 28%, to RON10.3 million.
The company sold RON456.17 million worth of electricity in the first quarter of 2016, at an average sale price of RON162.77 per MWh.
Nuclearelectrica’s market capitalization currently reaches RON1.5 billion, and the price per share stands at RON5.19.
Nuclearelectrica operates Romania’s sole nuclear power plant. Located in Cernavoda in the country’s southeast, the plant currently operates two 700-megawatt reactors, meeting around 20% of the country’s energy consumption.
Nuclearelectrica is 82.9% owned by the Romanian government and 9% owned by investment fund Fondul Proprietatea.