Hidroelectrica posts historic gross profit of over RON 480 M in Q1

By Anca Bernovici Last updated May 7, 2017

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Romanian state-controlled hydropower producer Hidroelectrica ended the first quarter of 2017 with a gross profit of RON 482 million, the highest quarterly profit recorded so far by the company, by RON 100 million higher than the same period last year, profit.ro informs, quoting news.ro.

Hidroelectrica’s general manager, Ovidiu Agliceru, said the company has more than RON 2.7 billion (about EUR 600 million) of cash in banks.

For the first four months of this year, the company estimates a gross profit of RON 600 million. For the full year 2017, Hidroelectrica aims to achieve a gross profit of RON 1.2 billion, on revenue of RON 3.1 billion.

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Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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