Transelectrica 2011 Profit Rises Tenfold Despite 4Q Loss

Update 02.15.2012 By Florentina Dragu

Romanian state-run power grid operator Transelectrica (TEL.RO) posted losses in the fourth quarter but finished 2011 with a 90.27 million lei (EUR21.3 million) net profit, tenfold higher on the year.

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