Enea with PLN 849 mln profit in 2016 - preliminary results

WSE-listed power utility Enea posted PLN 849 million consolidated net profit in 2016, while EBITDA stood at PLN 1.119 billion, according to the company’s preliminary financial results For Q4 alone, Enea had PLN 128 million profit and PLN 499 EBITDA. The Q4 results were affected by several negative one-offs, including a PLN 49 million write-down of its wind power assets, revision of the value of the Eco-Power set at PLN 129 million and a PLN 54 million voluntary leave program. The company generated 13.6 TWh of electricity, sold 18.7 TWh electricity to end-users and 18.0 TWh worth of power and natural gas to retail users. Enea will publish full 2016 report on March 30.