Transelectrica's 2020 net profit up 18pct y-o-y
Publicat:Romania's national electricity transmission company Transelectrica reported a 2020 net profit of 114 million lei, up 18% from 2019, according to a press statement released on Monday, as reported by AGERPRES.
In 2020, the company's gross profit increased by 60 million lei, from 107 million lei in January-December 2019, to 167 million lei in January-December 2020, mainly on cutting all operational costs, including depreciation, as well as on efficient management of the resources available in the company's accounts, according to Transelectrica officials.
The net profit reached 114…
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