Hidroelectrica distributed dividends to shareholders of ROL 1,134 billion



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Hidroelectrica's energy distributor distributed 90% of its profits in the year 2017 Friday. raises to 1.134 billion rupees, of which 0.908 billion for the Romanian state represented by the Ministry of Energy and 0.226 billion for the minority shareholder Fondul Proprietatea

The amounts distributed are about 10% higher than last year and is due to the historical results obtained by Hidroelectrica in 2017: ROL 3.244 billion in revenue and ROL 1.603 billion EBITDA net profit of 69% , according to a press release of the company

"outstanding financial results of Hidroelectrica in the year 2017 allows us to distribute the largest amount to shareholders resulting in dividends, in the history of the company. The company's performance is all the more remarkable as it was achieved, as we know, in a year of low water quality, and we place these results on the effective contractual framework and on the very good performance. understanding of the mechanisms and functioning of the energy market. But we are concerned about the long-term sustainability of the company's success, so we included in our strategy the diversification of the business, especially in the field of green energy, without losing other opportunities, "says Bogdan Badea, director of Hidroelectrica.

The company produced 9,345 TWh between the beginning of the year and June 30, about 20% more than the same period of 2017, when 7,783 TWh were produced, the company's Expect to exceed all records in this area Profitability

"Beyond a better hydridicity, I see these performances as the result of strategic measures implemented by management since 2017: the plan Staffing has been optimized, maintenance plans have been revised and we no longer have capacity removed during peak periods, "he adds

.Investors are worth $ 109 million. euros, the most constant in the recent history of the company.In parallel, Hidroelectrica intends to resume financing some of the objectives with complex functions, investments that were blocked until 39

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