Hidroelectrica's profit up 70% YoY in Q1, despite 30% lower output

Hidroelectrica, the largest energy producer in Romania, announced a net profit of RON 1.29 bln (EUR 260 mln) in the first quarter, 70.2% higher compared to the same period last year.   The net profit margin exceeds 50%. Not even the 30% drop in output amid adverse natural conditions, could depress the earnings of the state-controlled hydropower group that heads towards a 15%-20% IPO at Bucharest Stock Exchange (BVB), under ...

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