High electricity prices boost Nuclearelectrica’s earnings

Romanian state-controlled power company Nuclearelectrica (SNN) targets a 40% higher net profit this year, compared to the previous budget, mainly due to the increase in electricity prices.   The outlook of the energy sector as a whole is also supportive of the investors’ expectations, which pushed up the company’s shares markedly since the beginning of the year.   The target is included in the draft budget for this year, which will ...

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