Romania's Transelectrica 9-month profit above forecast

Fri Nov 14, 2014 11:06am GMT
 

BUCHAREST Nov 14 (Reuters) - State-owned Romanian power grid operator Transelectrica nine-month net profit more than doubled to 303 million lei ($85.37 million) it said on Friday, driven by higher revenues and market deregulation.

Analysts at SSIF Broker had expected a net profit of 275 million lei in January-September. Transelectrica recorded a nine-month net of 132 million lei last year.

Under an aid deal with the International Monetary Fund and the European Commission, Romania is set to deregulate its energy markets in stages for industrial users and households. (1 US dollar = 3.5493 Romanian lei) (Reporting by Radu Marinas)

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