SE loss less than expected

The SE electricity utility lost over Sk838 million ($20 million) in the first three months of this year, almost Sk1.9 billion better than expected, on increased sales and a stronger currency, which lowered reserve creation requirements.

On the other hand, the result was hurt by the decision of the government not to press Sk2 billion in penalties against non-paying clients. Costs during the period were Sk38.4 billion against revenues of Sk37.6 billion.

The results cannot be compared to previous years because SE was split into three companies at the beginning of this year ahead of the expected privatisation of a minority stake.

SE produces 80 per cent of Slovakia’s energy needs and employs 9,837 people.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Foreign Affairs Minister Ivan Korčok (left) and Defence Minister Jaroslav Naď (right)

Slovak-US defence pact encounters fierce resistance

A planned bilateral defence agreement between NATO allies Slovakia and the US has highlighted once again the sharp divisions that exist in Slovak politics and society over Russia.

2 h

Hygienists have adjusted some rules. Check the main changes

Testing of unvaccinated employees remains at a frequency of once a week.

3 h
An illustrative photo.

Summer camp sexual abuse case begins

The scandal was revealed by a blog post published in March 2019.

21 h
Skryť Close ad