Romania's Electrica 9-mo profit plummets on higher power purchase prices

Romanian power supplier and distributor Electrica [BSE:EL] said on Wednesday its consolidated net profit fell to 95 million lei ($24 million/21 million euro) in the first nine months of 2017 from 466 million lei in the year-ago period mainly due to higher prices at which it buys electricit, seenews.com informs. Electrica's January-September operating revenue edged down 0.5% on the year to 4.17 billion lei, the company said in an ...

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