The company’s revenue fell 10% on the year, to RON2.46 billion, according to the preliminary financial report released Monday.
Operating costs went down 16% to RON2.25 billion, and the operating profit rose 250% to RON207.8 million.
The Romanian government owns 58.7% of Transelectrica stock, while Fondul Proprietatea (FP.RO) has a 13.5% stake. Monday, Transelectrica shares closed down 1.3% in Bucharest. (EUR1=RON4.4905)