Transelectrica’s revenue is forecasted at RON2.6 billion in 2014, similar with RON2.57 billion a year earlier, while expenses are seen 6.8% higher, at RON2.48 billion, from RON2.32 billion in 2013.
The company proposed Wednesday the payment of gross dividend worth RON2.228 for 2013, 5.5-fold higher on the year, totaling RON163.31 million.
The company’s investment budget is estimated at RON927.8 million in 2014, up 31.8% on the year.
At the end of 2013, Transelectrica’s debts totaled RON2.57 billion, slightly higher on the year.
For 2015 and 2016, Transelectrica forecasts revenue worth RON2.79 billion, and RON2.86 billion, respectively, while its net profit is seen at RON111.2 million for 2015 and RON114.1 million for 2016.
The Romanian government owns a 58.68% stake in Transelectrica, while Fondul Proprietatea (FP.RO) has a 13.49% stake.
Friday, Transelectrica shares closed at RON16.7 in Bucharest. (EUR1=RON4.4514)