The net profit of the Romanian company Hidroelectrica (BVB: H2O), the largest electricity producer in Romania, increased by 42% in the first nine months compared to the same period last year, to RON 5.18 billion (EUR 1.05 billion).
The company’s market capitalisation is RON 53.5 billion (nearly EUR 11 billion), and the investors remain bullish on the company’s shares – which reached RON 119.1, 14.5% up from RON 104 at the IPO in July.
Hidroelectrica’s electricity production advanced by 38% to 14.1 GWh, thanks to high hydraulics, pushing its January-September revenues up by 32% to over RON 9.5 billion.
