2.6% net margin for Nuclearelectrica

The state-owned electrical power producer Nuclearelectrica, reported a net profit worth 4.3 million euros at the end of last year, all of which will be reinvested in Reactor 2 of the Cernavoda power station. The profit derived has seen a 50% rise against 2004. “In a company that works with a relatively constant production capacity, the pluses or minuses seen in financial results have essentially to do with cost management, with the way in which halts in the production cycle are handled,” stated Teodor Chirica, general manager of Nuclearelectrica. “All the profit logged last year will be reinvested in Reactor 2,” Chirica added. The company’s turnover saw a 22% rise in the analysed time span, reaching 159.5 million euros. The net profit margin is of 2.6%. “Last year was the best production year. The amount of power produced went up 1%. Once Reactor 2 starts to operate, the company’s productivity will increase,” says the manager of Nuclearelectrica. The second reactor is scheduled to become commercially operational in March 2007.