about us | newsletter | contact | archive | members area
CRISTIAN IONESCU, ALLIANZ-TIRIAC
The authorities are more open than in the past in accepting digital technology, even the»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Transgaz posts net profit of nearly RON 249 million, up 37 pct in Q1

Transgaz Medias national gas transmission corporation has reported a Q1, 2014 gross profit of 273.342 million RON, up 29 per cent from Q 1, 2013, and a net profit of 248.803 million RON, up 37 per cent, according to a press release issued by the Bucharest Stock Exchange (BVB).

2014-05-22 10:40:02

Total revenue was also up 15 per cent, or 70.357 million RON, from the first three months of 2013, to 526.757 million RON. The increase in revenue was mainly the result of an increase in tariffs for capacity reservation from the year before.

Revenue from international natural gas transmission dropped by 184,000 RON because of an exchange rate of the local currency against the US dollar that was smaller than in the year before.

Total spending advanced 3 per cent, to 253.415 million RON, mainly influenced by new taxes on the natural monopoly on electricity and natural gas as well as on special structures.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2107 Views
Daily Info
Sibiu and Timisoara, top priorities for investors in Romania

Sibiu and Timisoara are top priorities for investors who are interested to come to Romania, as revealed by the fifth edition of Cities of Tomorrow conference, organized by the...

Gas prices liberalization in Romania to start in April

The Minister of Energy announced that the prices for domestic gas will go through a liberalization process starting April 1, with no technical reasons to postpone it, as Minis...

Toyota recalls 2.9 million vehicles globally over airbags issues

Toyota Motor Corp said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossove...

Romania to develop economic component of the strategic partnership with US

Prime Minister Sorin Grindeanu and the Cabinet members had a meeting with the members of the fifth annual economic mission in Romania of the American-Romanian Business Council...

Debate on digital economy at Cluj Innovation Days 2017

About 40 specialists in various domains of digital economy debate its future at Cluj Innovation Days 2017. For two days, on March 30 and 31, the regional forum will be the epi...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
Energy Performance Contracting for public buildings

The Romanian Association for Promoting Energy Efficiency (ARPEE), established in 2012, has as overall scope the mobilization of its members’ resources and competences to ...

Minister of Justice: Bill amending Criminal codes put up for public debate

Minister of Justice Florin Iordache announced that the bill amending the Criminal codes will be put up for debate on Monday for a 30-day period, and that it will also inclu...

NATO to spend three billion Euro on cyber defence

NATO plans to spend three billion Euro to upgrade its satellite and computer technology over the next three years as the Western military alliance adapts to new threats, a ...

Kovesi on draft amendment of Criminal Code: Guised decriminalization of abuse of office

Chief Prosecutor of the National Anti-Corruption Directorate (DNA) Laura Codruta Kovesi said on Wednesday that the draft emergency ordinance amending the Criminal Code and ...

Iohannis: I request Government to abandon demarches on pardon and amendment of Criminal Codes

President Klaus Iohannis requests the Government to "abandon" the demarches regarding pardon and the amendment of the Criminal Code, Criminal Procedure Code, underlining th...

PM Grindeanu says he does not share President's concern regarding 2017 budget

Prime Minister Sorin Grindeanu stated on Tuesday that he doesn't share the concern that President Klaus Iohannis expressed regarding the budget for 2017, according to Agerp...

Iohannis: PSD's first concern to deal with criminals' files

President Klaus Iohannis told the Parliament plenary session on Tuesday that the ruling party, PSD (Social Democratic Party), after winning general election, has had a "sui...