Electromagnetica S.A. announced unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue was RON 79,440,482 against RON 53,617,794 a year ago. Profit before tax was RON 9,746,633 against loss of RON 6,478,406 a year ago. Profit for the period was RON 8,136,461 against loss of RON 6,817,449 a year ago. Company's turnover recorded a positive variation of 48% as compared to the same period of the last year, notably as a result of the development of the electricity supply business.

The company reported impairment charge of RON 2,602,940 for the first quarter of 2018 against RON 4,856,423 a year ago.