November 9 (SeeNews) - Romanian power grid operator Transelectrica on Friday said its net profit for the nine months through September fell by 80% on the year to some 32.6 million lei ($14.012 million/9.543 million euro).
Company officials were not immediately available to comment.
Transelectrica's shares gained 0.27% to close at 36.9 lei per share on the Bucharest Stock Exchange (BVB) on Friday. The company announced its nine-month results after the end of the trading session.
Following are details from the company's income statement (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET PROFIT |
32.611 |
163.615 |
| PRE-TAX PROFIT |
59.276 |
203.826 |
| TURNOVER |
1,707 |
1,664.3 |
| TOTAL REVENUE |
1,763 |
1,704.3 |
| TOTAL COSTS |
1,703.9 |
1,500.46 |
Transelectrica floated five percent more of its shares on the BVB in July.
Majority state-owned Transelectrica (www.transelectrica.ro) has a share capital of 733 million lei. It operates 77 power stations with a combined capacity of 33,506 megavolt-amperes and 8,950 kilometres of power lines. It employs 2,180. The state owns 76.5% of the company and Fondul Proprietatea, an investment fund set up by the government to return property seized under communism, holds the remaining stake not floated on the bourse.
(1 euro = 3.4173 Romanian lei)