Thus, the company generated RON10.3 billion net profit, up 260% from around RON2.9 billion reported in 2021, and RON61 billion turnover, up 136% year-over-year.

According to Christina Verchere, general manager of the company, 2022 was an unprecedented year for the energy industry, with energy product supply hurdles, record high international prices and fiscal volatility.

Verchere says the company’s results reflect this market environment and the operating performance energy source diversification, continued procurement, record high electricity generation.

For 2023, the company’s investments are set to double, to RON6 billion, equivalent to around 60% of 2022 net profit.

Christina Verchere says Neptun Deep is at the center of the company’s strategy and it will focus on bringing the project closer to the final investment decision, scheduled for mid-2023.

The company has a RON29 billion capitalization,

(English version by Catalina Apostoiu)