Hidroelectrica - make profit 560 million lei ( 123.51 millions euro) in the first 5 months  

6/21/20160 comentarii

Hidroelectrica recorded in the first 5 months of 2016 a turnover of 1.29 billion lei ( 0.28 millions euro). The company produced during this period an amount of energy of 6.9 TWh. Amid declining production by 1.4 TWh or lower in the first months of 2016 in conjunction with decreasing average trading price of 164 lei (36.17 euro) / MWh in 2015 - 156 lei(34.41 euro) / MWh in 2016, the turnover decreased by 18 % compared to the same period last year.

For the same reasons and the financial result is lower by 12%, or 560 million lei ( 123.51 millions euro) compared to 635 million lei ( 635 millions euro) recorded by the company in the first five months of 2015. As a result of ongoing cost reduction efforts and optimization of activities and flows, imposed receiver reorganization plan, gross profit margin increased from 40% in 2015 to 43% in 2016.

Hidroelectrica have at 31/05/2016 liquidity of 1.6 billion lei (35 millions euro) own that grows every month . Only interest on bank deposits, Hidroelectrica won the first five months 7.4 million lei (1.64 millions euro).

Frimu Ghinea 
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