Electricity transmission system operator CGES recorded a net profit of 26.2 million euros in the first nine months, compared to 16.8 million euros in the same period last year.
CGEA’s net sales in the first nine months reached 82.5 million euros, which is 7% less compared to the same period in 2022. Operating expenses dropped by 29.5 % to 45.3 million euros.
The purchase cost of goods sold amounted to 33.5 million euros, while salaries, benefits and other personnel expenses amounted to 5.2 million euros.
Total assets of CGES increased by 11% compared to the end of 2022 and amounted to 351.8 million euros at the end of September 2023. The retained earnings of the company amounted to 80.5 million euros. Long-term liabilities amounted to 55.6 million euros, while short-term liabilities amounted to 18.6 million euros.
