Transelectrica posted net profit of 126.4 million lei (EUR28.5 million) for the January-March interval, compared with RON136.5 million in the year-ago period.
Operating revenue increased 11.5% year-on-year to RON779.1 million, as the transported electricity quantities were higher, especially due to a significant rise of exports, Transelectrica said in its quarterly financial report.
Operating costs rose 18% mostly due to higher expenditure on the non-profit segment – the balancing market.
Earnings before interest, tax, depreciation and amortization, or EBITDA, fell 7% on the year to RON229 million.
The first-quarter net profit is almost triple compared with the budgeted figure, of RON64.5 million, according to the financial report.