For 2014, the company sees pretax profits increasing to RON46.8 million, according to its revenue and expenditure budget released Monday.
Transelectrica expects revenues will rise 2% on the year to RON2.95 billion in 2013, while costs are seen advancing at a similar pace to RON2.81 billion, from RON2.76 billion in the previous year.
Transelectrica has scheduled investments of RON247.7 million in 2012 to extend its network and build new units. For 2012-2014, the planned investments reach over RON1.1 billion.
Investment costs are estimated at RON616 million in 2013 and at RON952.4 million in 2014. New investment projects include network upgrades and grid interconnection programs.
Romanian 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 11:45 am, Transelectrica traded up 0.64% at RON14.09 a share in Bucharest, amid a slightly declining market. (EUR1=RON4.3573)