Transelectrica Ends 2023 With RON219M Net Profit, Down 57.5% vs 2022

02.28.2024 By Ecaterina Craciun

Romania’s national power transmission company Transelectrica (TEL.RO) reported net profit of RON219 million for 2023, lower by RON296 million or 57.5% than in 2022, mainly due to the fact that in the current year there was no revenue from the capitalization of own technological consumption (OTC) at the level of the amount recorded in 2022 (RON13.8 million in 2023 vs RON338.5 million in 2022).

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Transelectrica
, earnings