The revenues of Romanian nuclear group Nuclearelectrica (BVB: SNN), which operates the Cernavoda nuclear plant, dropped by 44% y\/y to RON 2.1 billion (EUR 420 million) in H1 on lower electricity prices, but the net profit dropped by only 35% y\/y to RON 843 million (EUR 170 million) in H1 due to lower tax on windfall incomes (as the realized electricity price dropped below the threshold), according to company\u2019s press release.<\/p>\n
The company\u2019s market capitalization reached RON 13.88 billion (EUR 2.8 billion) after the price of its shares increased by only 2% y\/y. This puts the annualized profit realized in H1 at 12%. The dividend paid out of last week\u2019s profit resulted in an 8.08% yield.<\/p>\n
The massive 44% decrease in the operating income realized by SNN in H1 was mainly due to the reduction of income from the sale of electricity by 45.5%, an evolution determined by the decrease by the same percentage of the weighted average price of electricity sold in the period January-June 2024 (the volume of electricity generated remained roughly the same).<\/p>\n
The company sold a smaller amount of electricity in the more lucrative competitive market (-31.7% y\/y, or 40.7% of the total volume of electricity sold) and the prices on this market segment plunged by 62.2% y\/y in H1.<\/p>\n
On the upside, the lower realized price resulted in a lower tax on windfall revenues (RON 6.5 million compared to RON1.46 billion in H1 2023).<\/p>\n
(Photo: Nuclearelectrica.ro)<\/em><\/p>\n iulian@romania-insider.com<\/em><\/p>","protected":false},"excerpt":{"rendered":" The revenues of Romanian nuclear group Nuclearelectrica (BVB: SNN), which operates the Cernavoda nuclear plant, dropped by 44% y\/y to RON 2.1 billion (EUR 420 million) in H1 on lower electricity prices, but the net profit dropped by only 35% y\/y to RON 843 million (EUR 170 million) in H1 due to lower tax on […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1322","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1322"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1322\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}