The net profit of Termoelectrica SA in the first half of 2019 exceeded 252.7 million lei, increasing by 53.7% versus the first half of 2018
According to the company's financial report, its sales volume decreased from 1.559 billion to 1.505 billion lei (-3.4%), and the cost of sales - from 1.341 billion to 1.116 billion lei (-13.2%). Selling expenses of the company increased from 13.76 million to 16.04 million lei (+ 16.5%), and administrative expenses - from 28.09 million to 29.71 million lei (+ 5.76%). The total assets of Termoelectrica SA increased last year by 3.2% - from 5.69 billion to 5.88 billion lei. The authorized and additional capital of Termoelectrica SA in the first half of 2019 amounted to 953.6 million lei. Let us recall that Termoelectrica was founded in 2014 after the merger of CET-1, CET-2 and Termocom, for which it received significant funding from the World Bank. The company currently provides heat and hot water to consumers in Chisinau. The government owns 100% of Termoelectrica's capital. // 29.08.2019 - InfoMarket.