In January-September, the company’s revenues rose 0.7% to RON4 billion, while EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 9.7% to RON557 million
“Revenues have increased by RON 28 million, or 0.7%, mainly due to the evolution of external revenue (outside the Group), RON 35 million increase in the distribution segment which offset RON 10 million decrease in the supply segment,’ the company said in a statement to Bucharest Stock Exchange.
According to the company, net profit has increased by RON38 million, or by 8.9%, led by the overall improved performance, despite the decrease of the finance income of RON10 million or by 42.7%, and the increase of the income tax expense of RON11 million or by 12%.
Electrica, which has a market capitalization of RON4.7 billion, is 48.8% by the Romanian state. Its next largest shareholder is the European Bank for Reconstruction and Development with 8.66%.