Romania: Nuclearelectrica posts 84 million lei in Q1 2017 net profit, up 25.7pct y-o-y

Romania’s nuclear power producer Nuclearelectrica (BVB-SNN) has posted 84 million lei in Q1 2017 net profit, up 25.7 percent y-o-y, according to the company’s Q1 2017 financial results submitted to the Bucharest Stock Exchange (BVB).

The earning before interest and tax (EBIT) advanced 41.5 percent, while the earnings before interest, tax, depreciation and amortization (EBITDA) advanced 18.1 percent, both y-o-y.

“The 25.7-percent increase in the net profit, compared with an operating gross profit increase of 41.5 percent, is the result of the fact that that in the first quarter of 2017 a net financial expense of 1.838 million lei was incurred, compared with the same period of 2016, when a net financial income of 10.3 million lei was registered, expense generated by the net currency exchange differences,” according to Nuclearelectrica officials.

The company’s energy output was 2,766 GWh, slightly down 1.3 percent y-o-y.

The income derived on the electricity market related to the electricity delivered in the 1st quarter of 2017 is of 486,494,412 RON, up 3.36 percent against the value considered when preparing the budget for 2017 (the Q1 portion) and up 6.51 percent y-o-y.

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