Austrian utility group EVN said on Thursday its
energy supply operations in Southeast Europe (SEE) turned to a pre-tax profit of
7 million euro ($7.7 million) in the first half of fiscal 2015 started October 1
from a pre-tax loss of 10 million euro a year earlier.
The group's Energy
Supply South East Europe segment encompasses the operation of electricity
networks and the sale of electricity to end customers in Bulgaria and FYROM, the
generation and sale of heat in Bulgaria as well as energy trading throughout the
region. This segment also includes the project company responsible for building
the natural gas networks in Croatia, specifically Split, Zadar and
Sibenik.
EVN's earnings before interest, taxes, depreciation and
amortisation (EBITDA) from SEE energy supply operations rose 40.5% to 51.1
million euro in the review period, the Austrian group said.
EVN’s total
revenue from SEE energy supply operations increased 7.4% to 581.3 million euro
in the first six months of fiscal 2015.
In the first six months of fiscal
2015, the electricity distribution volume amounted to 7,483 GWh and was 5.4%
higher than in the year-ago period. Heat sales to end customers in Bulgaria were
13.6% higher at 174 GWh.
The volume of electricity generated by EVN in
South Eastern Europe rose by an annual 35.1% to 288 GWh during the review
period.
The volume of the group's investments in SEE edged up 6.8% to
42.7 million euro in the first six months of fiscal 2015.