Transelectrica ended 2016 with a net profit down 20.7 pct from the year before

 National power grid company Transelectrica ended 2016 with a net profit of 285.511 ml lei, down 20.7 pct from the year before, according to provisional financial data for the reporting period ending December 31, 2016 sent to the Bucharest Stock Exchange. Company revenues amounted to 2.722 bln lei, 8.76 pct lower from 2015. Electricity transmission was the major source of revenues, with 1.146 bln lei, while revenues from system services amounted to ...

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