Romania's Electrica reports lower revenues in the first six months

Romania’s electricity distribution company Electrica ended the first half of 2014 with revenues of EUR 516.8 billion, down 12% year-on-year. Its net profit also dropped 6% to EUR 44.1 million. The company’s EBITDA was of some EUR 104 million in the first half of 2014, up 10.8% compared to the same period the previous year. In the first six months of this year, Electrica

distributed

almost 8

TWh

of electricity

and

has provided

about 5

TWh

to

5.57 million

customers.

The company is controlled by the state, through the Department of Energy. Irina Popescu, irina.popescu@romania-insider.com