The company forecasts total revenues of RON2.72 billion in 2012, up 3.9% from RON2.62 billion estimated earlier this year. Overall costs are expected to grow at a faster pace to RON2.68 billion, versus RON2.57 billion initially envisaged.
Transelectrica expects financial losses of RON60.6 million this year, up from roughly RON32 million previously.
However, operating profit is forecast to increase to RON101.3 million, compared with RON84.5 million initially estimated.
The company reported net profit of RON19.2 million for the first nine months, 87.5% lower than in the year-earlier period, as operational costs grew faster than revenues.
The Romanian Economy Ministry owns 73.68% in Transelectrica, while investment fund Fondul Proprietatea holds a 13.5% stake. The remaining shares are traded on the Bucharest stock exchange.
Thursday, Transelectrica closed flat at RON11.5 a share. (EUR1=RON4.5075)