Transelectrica - Off the grid
Transelectrica reported its full year results yesterday after market. The Company reported RON 3060 million revenues up by 12.4% y-o-y mainly due to the higher consumption, which increased by 2.3% on yearly basis. However EBITDA declined by 47% y-o-y, while profit went down by 97% due to the lower transmission fees and higher grid losses. The Company also reported RON 79 million pass-through loss vs. RON 88 million pass-through gain in past year.
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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