Total revenue rose 7.8% on the year to RON1.37 billion in the first half, while overall costs increased 2.2% to RON1.33 billion, Transelectrica said in its preliminary financial report.
Transelectrica wants to revise upward its forecast on the 2011 pretax profit 2011 to RON42 million, from RON25 million previously, pending shareholder approval.
On the other hand, Transelectrica estimates a 12.5% drop in revenue to RON2.43 billion, from RON2.78 billion initially.
The new figures will be discussed at a shareholder meeting due August 19.
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.
Wednesday afternoon, Transelectrica’s shares were flat at RON22. (EUR1=RON4.2748)