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Transgaz’ operating profit increases to nearly 100 million Euro

In mid November, the natural gas transporter Transgaz announced that it had increased by 28 per cent the operating profit in the first nine months of this year at 434.8 million lei, in comparison with the 340 million in the same period of last year

2014-12-01 12:33:25 - From the Print Edition

The company's revenue obtained from the transport of natural gas on the internal system increased by 19 per cent to 980 million lei due to higher regulated tariffs set by the National Regulatory Authority for Energy (Romanian ANRE).
The revenues from international gas transit stagnated compared to the first nine months of last year. According to Ziarul Financiar, the net profit of the company increased by 131 per cent, up to 374 million lei. Last year, Transgaz′ financial expenses accounted for 117.8 million lei, mostly related to the investment in Nabucco project failed. In exchange, Transgaz shares have increased by 28 per cent in early January.



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