net profit Archives - Balancing Energy

Croatia: INA Group posts strong Q1 2025 results with 197% surge in net profit

INA Group reported a net profit of €35.4 million in the first quarter of 2025, reflecting a sharp 197% increase compared to the same period in 2024. The company’s net sales revenue rose by 14% year-on-year to €916.3 million, while clean CCS EBITDA (excluding special items) climbed 38% to reach €88 million. Capital investments for […]

Croatia: INA Group posts strong Q1 2025 results with 197% surge in net profit Read More »

Montenegro: CGES reports decline in net profit for 2024, despite reduced operating expenses

Montenegrin electricity transmission system operator, CGES, reported a net profit of 24.8 million euros in 2024, marking a decline from the previous year’s net profit of 35.7 million euros. The company’s net sales for the year amounted to 97.7 million euros, a 9.9% decrease compared to 2023. Despite the drop in revenue, operating expenses were

Montenegro: CGES reports decline in net profit for 2024, despite reduced operating expenses Read More »

EPS doubles its profit in Q1

The Board of Directors of Elektroprivreda Srbije (EPS) Joint Stock Company adopted the Report on the three-year business plan implementation for the first quarter of 2024, revealing that the company’s profit reached 28.3 billion dinars. This figure is twice as high as projected, EPS announced today. The profit marks a five percent increase compared to

EPS doubles its profit in Q1 Read More »

Slovenia: Petrol shareholders approve 1.8 euro per share dividend

Slovenian energy group said that its shareholders have approved a gross dividend payment of 1.8 euro per share, scheduled for August 2, up from 0.7 euro paid for the previous year. At their general meeting held on May 23, shareholders approved a dividend payout of 74 million euros from the profit available for appropriation, Petrol

Slovenia: Petrol shareholders approve 1.8 euro per share dividend Read More »

Romania: Electrica reports net profit of 25,6 million euros in Q1

In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on

Romania: Electrica reports net profit of 25,6 million euros in Q1 Read More »

Romania: Hidroelectrica’s net profit reached 265 million euros in Q1

Hidroelectrica records a decrease in operational and financial results for the first three months of 2024 compared to the same period in 2023, in line with the approved budget. Hiroelectrica’s operating margin and net margin decreased by 2 percent and 1 percent, respectively, compared to the same period in 2023, mainly due to the decrease

Romania: Hidroelectrica’s net profit reached 265 million euros in Q1 Read More »

Romania: Nuclearelectrica reports net profit of 113 million euros in Q1

Nuclearelectrica, the operator of the Romanian nuclear power plant Cenavoda, has announced its financial results for the first quarter of 2024. In the three-month period that ended on 31 March, the company obtained a net profit of 563.2 million RON (113 million euros), down 26.5 percent compared to the same period in 2023. The gross

Romania: Nuclearelectrica reports net profit of 113 million euros in Q1 Read More »