Transelectrica profit, up over three times in 2018

National electricity transport company Transelectrica posted a net profit of 89 million lei in 2018, over three times higher than in the previous year, when it reported 28 million lei, according to the preliminary financial information sent on Friday to the Bucharest Stock Exchange.Gross profit rose by 106pct, from 47 million lei in 2017 to 96 million lei in 2018. Revenues totaled 2.719 billion lei, down 11pct.In 2018, the company saw a 54pct increase ...

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