Romania: Higher dividends at Nuclearelectrica for 2019

, SEE Energy News

Electricity producer Nuclearelectrica, distributed dividend of 0.26 euros/share for 2018, totaling some 78 million euros. the operator of Romania’s sole nuclear power plant Cernavoda. Nuclearelectrica said that it will distribute gross dividend for 2019 in the amount of 0.34 euros/share. The company will distribute a total of 103 million euros as dividend from last year’s profit.

Nuclearelectrica recorded a net profit in the amount of 112.5 million euros in 2019, which is 31.7 % higher compared to the previous year. The company’s revenues rose to 495 million euros in 2019, which is a 12 % increase compared to 2018, of which 492 million were revenues from electricity sales, while the rest came from the transport of electricity. The amount of energy sold on the regulated market was of 1,376 million MWh and 9,245 million MWh on the free market. However, the company produced 1 % less electricity than in the previous year. Operating expenses also increased by 12.5 % to 370 million euros. The main shareholders are the Ministry of Energy, which owns 82.49 % of the shares, and Fondul Proprietatea with 7.05 % stake.