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Enel’s Romanian subsidiary posts lower profit despite 20% surge in revenues

Italian energy group Enel's revenues in Romania rose by 20% from EUR 298 million to EUR 357 million in the first quarter of this year, according to the group’s quarterly report. However, the earnings before interest, taxes, depreciation and amortization (EBITDA) decreased from EUR 45 million to EUR 22 million, mainly due to the evolution of the electricity supply ...

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