Transelectrica registered in the first half of 2020 a net profit of 116 million RON. Compared to the same period last year, net profit in H1 2020 increased significantly by 282 percent, according to TheDiplomat.ro.
Transelectrica registered in H1 2020 an improvement in terms of profitability of the activity compared to H1 2019. Thus, the total profit from operating activity increased by 108 million RON compared to the first half of the previous year, mainly due to the reduction of operating costs (including depreciation).
“Our commitment to investment and performance is firm even in special conditions such as those imposed by the current economic context. For Transelectrica, investments are the main source of development and technological evolution. As in any organization, the investment strategy and, in particular, the achievement of investment objectives have a key role in relation to all other activities. Through a unitary approach in terms of strategic decisions, we will improve the degree of achievement of the Investment Plan and the achievement of the company’s development objectives,” said Catalin Nitu, General Executive Director of Transelectrica.
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