Nuclearelectrica (SNN) expects to achieve 2015 a net profit of 38.3 million lei, down by 71.2% compared to the previous year. The result will be earmarked by a decrease in gross profit by nearly 65% to 54.2 million lei, according to the balance sheet estimates published on the company website.

At the same time, total revenue will decrease by only 1.3% to 1.884 billion lei, while total spending will increase by 4.3%, according to the document seen by energynomics.ro. The decrease in profit can be explained not only by the increase in total expenditures and drop in revenues, but also by a surge in investment by almost 23%, to 493.6 million lei.

“Investments still remain the only solid way to development, as the energy sector needs long-term planning based on accurate analyses. Anything less will hinder both medium and long-term benefits for the system and end consumers”, Daniela Lulache, CEO of Nuclearelectrica, previously told energynomics.ro.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.