The company reported revenues of RON1.9 billion in the first nine months, from RON2.2 billion in the same period a year earlier.

In the third quarter alone, Transelectrica reported a net profit of RON71.5 million from RON94.2 million in the third quarter of 2015. Third-quarter revenues amounted to RON548 million, compared with RON789 million in the same period last year.

The company said its long term debt decreased 13.5% in January-September, to RON505 million end-September, as it paid installments on loans.

In the first nine months, its net electricity production decreased by approximately 3.6% compared with the same period last year.