Transelectrica announced earnings results for the first nine months of 2018. For the nine months, the company reported on a net profit of RON 98 million ($24 million/EUR 21 million) for the first nine months of 2018, up 51% on the year. The financial results were positively influenced by a 37% drop in operational costs. EBITDA shrank 9% on the year to RON 354 million in the first nine months, while operating expenses fell 26% to RON 1.71 billion. Net profit plummeted 90.3% on the year to RON 26 million in 2017, mainly due to lower income from electricity transmission services.