Romanian Transelectrica Cuts 2011 Pretax Profit Forecast To RON25M
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 25 million lei (EUR5.75 million) in 2011, down from RON42 million previously predicted, the company said in a statement Thursday.
The company forecasts total revenues of RON2.78 billion in 2011, up from RON2.43 billion estimated in August. Overall costs are expected to reach RON2.75 billion.
The figures are similar to the projections presented at the beginning of the year.
Transelectrica didn’t say what prompted the new revision.
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