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Hidroelectrica Tries To Woo Investors With Less Than EUR10M Profit Ahead Of Listing
04.17.2012
Hidroelectrica, Romania’s largest energy producer budgeted 42.4 million (EUR9.7 million) net profit for this year, a five-fold increase on the profit of 2011, a really hard time for the company because of the drought. The most valuable state-run company in the country set out to lure investors with a mere profit of less than EUR10 million in the year of its stock market listing, while the ‘wise guys’ problem is still without a solution.
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