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The 2014 report on public enterprises conducted by the Ministry of Finance shows that Romgaz is the most profitable state company. It ranks first in the top 10 most profitable public companies for the last three years. In 2014, gas producer Romgaz registered a net profit of RON 1.4 billion. At the opposite end is placed Oltenia Energy Complex with losses amounting to almost RON 700 million, hotnews.ro informs.
The top of the most profitable state companies was joined in 2014 by Hidroelectrica, although the company is insolvent, replacing the National Company of Maritime Ports Administration – S.A. Constanta, which registered poorer results in terms of profitability in 2014, the report reads. Hidroelectrica recorded 2014 a net profit of RON 941.5 million. The other companies ranked in the first ten in 2013, kept their place in this top. The remaining eight of the top 10 most profitable state companies are Transgaz – RON 502.5 million, the Romanian Lottery – RON 100.4 million, Nuclearelectrica – RON 133 million, Transelectrica – RON 357.6 million, Romsilva – RON 103 million, National Printing House (Imprimeria Nationala) – RON 89.1 million, Airports Bucharest – RON 98.7 million and the Romanian Auto Registry (RAR) – RON 62.9 million.
In the top 10 public companies with the largest losses, right after Oltenia Energy Complex, the Hunedoara Energy Complex is second with a loss of RON 352.3 million in 2014. The other companies with high losses are: Tarom with losses of RON 110.1 million, the National Uranium Company – RON 103.4 million, Romaero – RON 45 million, CFR Marfa – RON 27.1 million, the Romanian Counter Fund – RON 19.4 million, Hidroserv – RON 17.6 million, Active Conexe – RON 15.7 million and the Administration of State Protocol Patrimony – RON 13.5 million.
The report shows that 154 public companies recorded gross profit of RON 6,631,876 thousands.
121 public companies recorded gross losses totalling RON 2,326,525 thousands, down from 2013.
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