Romania: TSO co Transelectrica marks decreased profit 1stQ2015

, SEE Energy News

Electricity operator Transelectrica (TEL) recorded a net profit in the first quarter, 28.4MEUR, down by 7.4% compared to the result registered in the same period in 2014.

Revenue increased by 11.5% in the first three months of the year, to 175MEUR, compared with the first quarter last year.

Total company assets decreased by the end of 2014, in the first three months by 5.5% to 1.1 billion Euro. Of these, assets were 770MEUR and current assets accounted for 385MEUR.

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