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16 Aug 2016 07:00
Electrica Group - 2016 Half Yearly Results
including interim condensed consolidated financial statement as of and for the period ended June 30, 2016
H1 2016 compared to H1 2015
- Net profit increased by 21% and EBITDA went up by 17%
- The quantity of supplied energy increased by 9% and the distributed quantity registered an increase of 2%
Iuliana Andronache, CEO of Electrica SA: "Continuing the evolution from the last year, the Electrica Group results in the first half of 2016 are good, proving that Electrica's reform plan is the right one and that the measures implemented by the Company's management are optimal. It is worth noting that the most significant net profit growth, 28% respectively, is the one attributable to Electrica's shareholders.
This increase was generated mainly by the gain on the deconsolidation of Societatea Servicii Energetice Moldova, resulting from measures for Group structure optimization."
Financial Results | H1 2016 (RON mn.) | H1 2015 (RON mn.) | Δ % |
Group net profit | 336 | 277 | + 21% |
Net profit attributable to Electrica's shareholders | 269 | 210 | +28% |
Operational profit | 400 | 316.5 | +26% |
Operational revenues | 2,844 | 2,725 | +4.4% |
Operational expenses | 2,444 | 2,408.5 | +1% |
EBITDA | 577 | 493 | +17% |
Attachments:
· Condensed Consolidated Interim Financial Information at 30 June 2016
· 2016 Half Yearly Report of the Board of Directors
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/2402H_1-2016-8-16.pdf
Electrica Regs (ELSA)
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