Energy group Electrica sees 60% lower profit in first half

Electrica, the biggest electricity distributor and supplier in Romania, recorded a 60% drop in its consolidated net profit in the first half of 2021 compared to the same period of last year. The group posted a net profit of RON 76.1 mln (EUR 15.5 mln), down from almost RON 190 mln in H1 2020.   The drop was mainly due to higher purchase costs for electricity and natural gas purchased for resale by Electrica’s supply ...

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