Nuclearelectrica registered in the first quarter a net profit (unaudited) of 66.861 million lei, 88.68% higher than in the same period of 2015, of 35.435 million lei, according to data submitted to the Bucharest Stock Exchange (BSE). Company revenues decreased by 2.4% in the mentioned period at 457.753 million lei, while operating expenses decreased by 14.42% to 378.457 million lei.
Between January and March, Nuclearelectrica sold approximately 2.8 million MWh, a similar amount with the one sold during the same period of last year. The average selling price of electricity on the regulated market was 162.77 lei/MWh. On this market, Nuclearelectrica sold around 20% of its production.
Key investments made by Nuclearelectrica during the three months that ended on 31 March 2016 for projects in progress related to Units 1 and 2 include: improved thermal performance to steam generators U1-Magnetite, worth over 13.244 million lei; improved injection system worth 2.557 million lei and replacement of excitation system Generrex U1, worth 2.336 million lei.
The main investments placed in service during that period relates mainly to: upgrading the treatment water plant, worth 4.237 million lei, system for data acquisition and processing Smart Candu Tools, worth 3.369 million lei, installation of a monitoring system for liquid effluent on line and integrating it seamlessly with the existing system, worth 1.467 million lei. On March 31, Nuclearelectrica had to recover total receivables of 139.534 million lei. In turn, the company’s debts totaled 227.239 million lei.
***
Every year, in May, energy companies listed on the stock exchange make public their financial results in the first quarter. Electrica SA has performed both in the distribution and supply of electricity, managing to score a quarterly net profit by 12% higher than the first quarter of 2015. In the gas business, Romgaz registered a net profit by 13.1% lower than that obtained during Jan-March, 2015. Rompetrol Rafinare, a company in which the Romanian state has financial interests, maintained a profit.