Electrica - Sound Results In Q1/20, EBITDA up 200%
- Electrica’s net income amounted to RON 80mn in Q1/20 compared to a loss of RON 41mn in Q1/19. Revenues grew by 4% to RON 1.7bn. EBITDA reached RON 224mn in Q1/20 vs RON 74mn in Q1/20, driven by the effects of the new strategy’s implementation as well as higher tariffs set by ANRE for this year. Electrica will distribute 0.7248 RON/sh (c7% DIVY) after 2019 results (ex-date: 8th of July).
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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