Romania: Hidroelectrica marks profit increase in November 2014, SEE Energy News
Energy company Hidroelectrica recorded in November, a profit of 29MEUR, an increase of 66% compared to the profit recorded in the same month last year due to measures to reduce operating costs and increase energy production.
Also, after the first 11 months Hidroelectrica recorded a record profit of 240MEUR, in increase of 28% compared to the period similar to last year when the company reported a profit of 188MEUR.For the full year 2014 is estimated to 268MEUR profit of over three times in May greater than the profit made by the company in 2010 when reported a record of production of 19.8 TWh.
In the first 11 months of 2014Hidroelectrica delivered 17.1 TWh, exceeding 23% as the production of energy budgeted for the entire year 2014 and 24% production of energy related to the same period of 2013.
However, Hidroelectrica has registered the first 11 months of 2014 a turnover of 678MEUR business, an increase by 12% compared to the period similar to 2013.