CEN Craiova, after the profit fell 17-fold: Things will be better

The leader of traders and the sixth-largest local electricity producer, the state-owned Complexul Energetic (CEN) Craiova, estimates to have registered a net profit worth RON 1 million (€0.23 mln) in the first half of 2009, 17 times lower than the RON 17 mln (€4.6 mln) level posted in H1 2008, due to a decline in energy demand, generated by the crisis. “I do not believe that the second half of 2009 can be worse than the first. Our profit plunged 17 times because we cut production ...

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