Transelectrica net profit falls 21% in 2016

Romanian power grid operator Transelectrica [BSE:TEL] said on Wednesday its net profit fell 21% on the year to 286 million lei ($67.4 million/63.4 million euro) in 2016, seenews.com informs. Transelectrica's financial results in 2016 were influenced by diminished transmission tariff and lower power exports, it said in a filing to the Bucharest Stock Exchange, BVB. Operating revenues fell by 9% to 2.72 billion lei, while ...

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