Thus, the total dividend for 2020 will be RON0.87/share, respectively a total RON63.7 million.
Relative to the share trading price, this level ensures a 3.4% yield.
Transelectrica ended 2020 with an accounting profit left after the deduction of the profit tax of RON144 million, of which, upon covering legal reserves and other reserves, the profit remaining to be distributed is RON43.9 million.
Transelectrica targets total revenue of RON2.3 billion in 2021, similar with the level reported in 2020, and nearly 4% higher expenses, of RON2.29 billion, as a result of an increase in electricity acquisition prices, in stock-related costs and the necessary technology services for the safe functioning of the national power system, per the company’s budget approved by shareholders in their general meeting of April 29.
The company expects to deliver its consumers an amount of electricity of 55,140,000 MWh in 2021, higher by 1,290,589 MWh than the amount achieved in 2020. It also targets a gross profit of RON80.91 million, lower than RON87.8 million in 2020.