Transelectrica’s gross profit is estimated to fall 61.7% to RON170.74 million this year.
For next year, the company forecasts a net profit of RON67 million, while in 2017, the profit is seen slightly increasing to RON71.92 million.
Overall revenues will fall 7% in 2015, to RON2.67 billion, while expenses will increase 3% to RON2.5 billion.
Transelectrica plans to invest RON282.6 million in 2015, up 90% from RON149.4 million a year earlier, mostly in the continuation of the current investments (RON150.3 million), while new investments will total RON79.6 million, sharply higher from RON5.8 million allotted last year.
The main investment works target upgrades and the boosting of interconnection capacity between Romania and its neighbors.
Total investments are estimated to increase to RON375.86 million in 2016 and RON408.85 million in 2017, out of which RON219.7 million and RON306.4 million, respectively,will be assigned for new projects.
The Romanian government owns a 58.7% interest in Transelectrica, while the remainder is floated on the Bucharest stock exchange. (EUR1=RON4.433)