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Romania's Transelectrica posts drop in Q1 profit on lower tariffs, higher expenses

Romanian power grid operator Transelectrica [BSE:TEL] said on Monday its net profit fell 28% on the year to 71 million lei ($16.9 million/15.6 million euro) in the first quarter of 2017, due to lower regulated transport tariffs and higher operating costs,seenews.com reports. "Decreasing financial results compared to the first quarter of last year were negatively influenced by decreasing of transmission tariffs by 11%," Transelectrica said in a filing ...

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