Albanian state-owned electricity distribution system operator OSHEE recorded a net profit in the amount of 14.4 million euros in 2017, which is significantly lower compared to net profit of almost 150 million euros recorded in 2016.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) dropped to 46 million euros in 2017 from almost 101 million euros in the previous year. On the other hand, its total revenues increased by 12 % and reached 480 million euros in 2017.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: Albania, electricity, electricity distribution, financial, OSHEE