Hidroelectrica posted a gross profit of almost RON 48mln in February 2013

Hidroelectrica achieved in November 2012-February 2013 a gross profit of RON 181.5mln (EUR 41.7mln) and a preliminary gross profit of RON 47.9mln in February 2013 (EUR 11mln), according to a communique submitted by the company on Thursday. Energy production was 990GWh in February, below the multiannual average of the month, of 1.191GWh. Hidroelectrica posted a constant decline in the negative cash flows, from RON 781mln on June 20^th 2012 to RON 611mln on December 31^st 2012 and RON 417mln on February 28^th 2013. The company’s revenues and expenditures budget for 2013 estimates a gross profit of RON 434mln, with an estimate for production of only 13TWh, a record profit in relation to the best financial result posted in 2010, when it reported a profit of RON 284mln at a production of 20TWh.