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Nuclearelectrica announces 3.5 times more net profit increase in Q1

Nuclearelectrica (BVB: SNN), which operates Romania’s nuclear plant located at Cernavoda, announced that its net profit rose to RON 819 mln (EUR 162 mln) in Q1, 3.5 times more compared to the same period last year.   Total revenues increased by 165% YoY to RON 1.86 bln, mainly due to higher electricity prices in the last year - as the nuke power plant’s outcome is roughly flat. The revenues ...

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