Nuclearelectrica ended the first quarter of this year with a net profit of 35.435 million lei, 11% higher than the similar period last year, according to financial information submitted to the Bucharest Stock Exchange on Thursday. EBITDA (earnings before interest, tax, depreciation and amortization) increased by 24% over the same period last year, at 160.265 million lei, according to Agerpres and economica.net.

Company revenues totaled 468.79 million lei, while in the first three months of last year the recorded level was 461.532 million lei. Operating expenses were, in January-March 2015 of 442.207 million lei. Energy production amounted to 2,762 GWh during the mentioned period. Nuclearelectrica’s main activities are focused on the production of electricity, heat and nuclear fuel.

Nuclearelectrica has two branches: CNE Cernavodă, which operates units 1 and 2 and ancillary services, and FCN Pitești brand, the factory for nuclear fuel.

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.