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August 04, 2015 4:12 AM ET

Electric Utilities

Company Overview of Electrica Transilvania Sud

Company Overview

Electrica Transilvania Sud is a power distribution company. It supplies electric power through branches in the Alba, Brasov, Covasna, Harghita, Mures, and Sibiu regions. The company’s services include electricity acquisition and management, tariff administration, and metering and billing. Electrica Transilvania Sud is based in Brasov, Romania. The company is a subsidiary of Electrica SA.

25, Pictor Luchian Street

Brasov,  500193

Romania

Phone:

40 26 830 5999

Fax:

40 26 830 5004

Key Executives for Electrica Transilvania Sud

Electrica Transilvania Sud does not have any Key Executives recorded.

Electrica Transilvania Sud Key Developments

Electrica Distributie Transilvania Sud SA Reports Earnings Results for the Year 2014; Provides Earnings and Dividend Guidance for the Year 2015

Electrica Distributie Transilvania Sud SA reported earnings results for the year 2014. For the year, the company reported total revenue of RON 739.3 million, operating profit of RON 121.4 million and net profit of RON 100.1 million compared to total revenue of RON 716.1 million, operating profit of RON 90.3 million and net profit of RON 69.3 million reported in the same period last year. For the year 2015, the company expects to report total revenue of RON 779.3 million, operating profit of RON 142.2 million and net profit of RON 110.4 million. For the year 2015, the company reported dividend guidance of RON 87.8 per share compared to RON 79.8 per share declared last year.

Electrica Approves Dividend for the Year 2014

Electrica said its shareholders approved a gross dividend of RON 0.7217 per share for 2014 but rejected the proposed investment plan for 2015. Electrica's shareholders voted on the proposals at a general meeting held on April 27.

S.C. Electrica Ceases Negotiations With Fondul Proprietatea Over Acquisition Of Stake In Units

S.C. Electrica S.A. has decided to cease the negotiations in relation to the potential acquisition by Electrica of the minority participations held by SC Fondul Proprietatea SA in subsidiaries of Electrica. The subsidiaries are: Electrica Muntenia Nord SA, Electrica Transilvania Sud, Electrica Distributie Transilvania Nord SA and SC Electrica Furnizare SA. The companies decided to cease the negotiations since no consensus was reached regarding the price of the transaction.

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