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Wednesday, August 10, 2022

HSE group reports EUR 47m in net profit for 2021

By: J.S., STA

HSE, the country’s largest electricity producer, generated EUR 47.97 million in net profit in 2021 after a loss of EUR 184.18 million in 2020.

Its annual report shows the state-owned group generated a record EUR 2.54 billion in net sales revenue last year, a 38% increase from the year before. The Šoštanj Thermal Power Plant (TEŠ), a key HSE company, received compensation over the infamous TEŠ6 generator project to post a net profit of EUR 7.1 million, after a EUR 280 million loss in 2020.

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