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March 28, 2015 10:10 PM 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 Announces Preliminary Unaudited Earnings Results for the Year 2014

Electrica announced preliminary unaudited earnings results for the year 2014. The company reported its net profit surged 612% to a preliminary RON 280.5 million (USD 72.1 million/EUR 63.2 million) in 2014, mainly on the back of a strong rise in financial income. Financial income rose to RON 257.6 million from RON 96 million in 2013. The utility turned to an operating profit of RON 102,000 from an operating loss of RON 53 million a year earlier.

Electrica In Talks To Acquire Stake In Units From FP

S.C. Electrica S.A. (LSE:ELSA) informed shareholders and investors that there are preliminary discussions between Electrica and SC Fondul Proprietatea SA (BVB:FP) in relation to a potential acquisition by Electrica of the minority participations held by FP in Electrica Transilvania Sud, Electrica Transilvania Nord, Electrica Muntenia Nord SA and SC Electrica Furnizare SA.

Electrica Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 2014

Electrica reported consolidated earnings results for the third quarter and nine months ended September 2014. For the year, the company reported its net profit rose by 4.0% to RON 306 million. Operating profit rose 3.0% on the year to RON 372 million. Total revenues dropped 10% to RON 3.56 billion through September while costs fell 12% to RON 3.19 billion. In the third quarter alone, the company's net profit rose 1.0% to RON 109 million.

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