Feb. 18--BUCHAREST -- Romania'sTranselectrica national electricity transmission system operator ended 2013 on a net profit worth RON 162.29 million (about 36 million euros), up almost five times from 2012, when it reported a RON 34.48 million profit, according to preliminary financial reports submitted to the Bucharest Stock Exchange on Monday.
The earnings before interest and taxes (EBIT) stood at RON 207.8 million, 2.5 times higher than those recorded in 2012.
The total earnings obtained in 2013 registered a 11 per cent decline from the previous year, to RON 2.46 billion.
On December 31, 2013, Transelectrica was RON 2.59 billion in debt, out of which current debts were standing at RON 985.18 million.
The company had total assets worth RON 5.15 billion at the end of 2013, up 4.2 per cent from the previous year.
Transelectrica is the electricity transmission system operator in the Romanian energy sector. Shareholders in Transelectrica are the Romanian Government, through the Public Finance Ministry (58.68 per cent), Fondul Proprietatea (13.49 per cent), SIF Oltenia (7.11 per cent) and others (20.70 per cent).
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