Operating revenue of the energy supply and distribution group amounted to RON2.728 billion, down 1.3% on the year.
The cost of electricity purchased decreased by RON262.7 million, or 17%, to RON1.269 billion in the first half of 2018, from RON1.531 billion in the fist half of 2017, when electricity prices grew considerably.
Its EBITDA increased 123% on the year in the first half, to RON477 million.
In the first half of 2018, Electrica distributed approximately 8.8 TWh of electricity (-1.8% compared with 1H/2017) to approximately 3.7 million consumers.
The group invested RON289.5 million in the distribution network in the first half, 12% more than in the same period last year.
Revenue from the distribution segment increased by RON40 million, or 3%, to RON1.244 billion in the first half. The electricity distribution segment accounts for 25% of the Group’s revenues.
Revenue from the supply segment decreased by RON166million on the year in the first half, to RON1.979 billion, the company said.
“It is worth noting the significant improvement in the financial results of Electrica Group during the first six months of this year. The results of the first semester of 2018 are supported by our investments in distribution networks and the improvement of services in general, as well as of the efforts to optimize processes, management systems and strategic positioning that we intend to pursue further,” said Catalin Stancu, CEO of Electrica S.A.