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HEP Group reportedly achieved €273 million profit in 2016

April 28, 2017

HEP Group achieved a consolidated net profit of €273 million, 5.4% higher than in 2015. Business income amounted to €1.92 billion (1.2% less than in 2015), while business expenses amounted to €1.56 billion (1.2% higher than in 2015). There were €350 million of achived investments, financed without debt. HEP achieved a 12.5% stake in electricity supply of business consumers in Slovenia, while efforts were made to expand on neighbouring markets of Bosnia and Herzegovina and Serbia. Standard & Poor's upgraded HEP's credit rating from b+ to bb and its credit rating from BB- to BB.

 

Source: HEP

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