20.4 C
April 12, 2021

Electrica profit up 59 pc in 2014

Electrica Group, a leader in the transmission and supply of electricity in Romania, registered in 2014 a net consolidated profit of RON 401.4 M, representing a growth of RON 149 M or 59 per cent year-on-year, excluding the transferred minority participations.

Its operational profit in 2014 stood at RON 497 M, 44 per cent higher year-on-year. Its revenues totaled RON 5,200 M, down by RON 291 M or 5 per cent year-on-year. In the same year, Electrica Group’s operational expenses dropped by 9 per cent to RON 4,723 M.

Electrica’s Board of Directors proposed the issuance of gross dividends worth RON 0.7217 per share for the financial exercise that ended on 31 December 2014. The proposal will be subjected for approval at the General Shareholders Assembly on April 27.

The value of the gross dividends the shareholders are entitled to (RON 244.7 M) was determined as a minimum of 85 per cent of the net consolidated profit, according to the statement included in the issuance plan.


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