Business news

Gen Energija posts lower sales, higher profit

Krško, 30 June (STA) - Gen Energija, a power utility that manages Slovenia's half of the Krško nuclear power station, saw group net profit rise by almost 20% to EUR 48.5 million even as sales declined by 5.5% to EUR 2.25 billion, according to the annual report.

The output of the group's production units stood at 3,672 gigawatt hours, down slightly from last year but above plans.

The Krško plant accounted for 81% of total production, with hydro plants on the Sava river adding 18% and the Brestanica gas-fired plant, which acts as a backup, 0.8%.

Spending on investments and R&D totalled almost EUR 92 million, a sum that includes scheduled maintenance of the Krško installation.

The wholly state-owned utility had roughly 1,400 employees at the end of last year.