Electrica H1 profit falls on lower sales, prices

Romanian power supplier and distributor Electrica said on Tuesday that its consolidated net profit dropped by 40.3% year-on-year to 102.1 million lei ($22.9 million/20.5 million euro) in the first half of 2024, as revenues of the group's supply division shrank by 20.5% to 2.938 billion lei.   The drop in the revenues of the supply division came as a result of lower electricity sales volumes and lower purchase cost for electricity, Electrica said in a ...

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