It said operating profit declined 19%, to RON688 million, from RON767 million in 2015. Operating revenue amounted to RON2.72 billion in 2016, down 8% from RON2.98 billion in 2015. Operating expenses stood at more than RON2 billion in 2016, compared with RON2.2 billion in 2015.
In the fourth quarter of 2016, Transelectrica posted a net profit of RON72 million, from RON55.4 million in the same period the year before.
Transelectrica’s long term debt decreased 21% in 2016, to RON502 million, from RON635 million at the end of 2015.