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