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Romania’s power grid operator Transelectrica estimates a gross profit of RON 44.6mln for this year


Transelectrica Bucharest (BSE: TEL) estimates for this year total revenues up almost 2%, to RON 2.859bn, and by 2015 incomes would climb to RON 3.048bn, according to the budget authorized by the Supervisory Board of the company. Expenses would register a similar dynamic as revenues and reach RON 2.815bn, which would lead to a gross profit of RON 44.6mln, value almost 5% higher than the gross gain posted last year, of RON 42.5mln. In the next two years, the gross profit would surge to RON 46.8mln and, respectively, to RON 50.2mln. For this year the company scheduled investments of RON 420mln. Amounts provided for investments will be significantly higher next year, but also in 2015, according to a document presented to Transelectrica shareholders for the general meeting of shareholders, convened for April 1st.