Transelectrica forecasts a pretax profit of 44.6 million lei (EUR10.1 million) this year, down 5% from RON47.04 million estimated for 2012.
Last year’s figure was revised upward from RON42.5 million presented in the preliminary financial report mid-February.
Transelectrica expects total revenue will rise to RON2.86 billion in 2013, from RON2.76 billion a year earlier. Overall costs are seen up to RON2.81 billion, versus RON2.68 billion in 2012.
Romania’s Economy Ministry owns 58.69% in Transelectrica, while investment funds Fondul Proprietatea (FP.RO) and SIF Oltenia (SIF5.RO) hold stakes of 13.5% and 6.3%, respectively.
At 12:30 pm, Transelectrica traded down 1.02% at RON13.56 a share in Bucharest, amid a slightly declining market. (EUR1=RON4.4179)