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Elcen Bucharest posts losses worth €17 mln in four months

Publicat la 23.06.2008, 21:00:00

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Elcen Bucharest posts losses worth €17 mln in four months

The losses represent some 66 percent of the negative result posted in 2007 (€28 mln). According to Irina Duica, Elcen’s Chief Financial Officer (CFO), the rise in turnover was generated by an increase in costs. Losses were due to a lack of correlation of the price for produced thermal energy with the rise in price of raw materials.

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