Romgaz says net profit increased by 5 percent to 571 million RON in Q1

Romgaz Group recorded in Q1 2020 a revenue of 1.4 billion RON, decreasing by 16.51 percent, namely 282.8 million RON, compared to Q1 2019.

Net profit of 571.9 million RON was higher by 5.54 percent, namely 30.1 million RON, compared to the similar period of the previous year. Net consolidated earnings per share (EPS) was 1.5 RON. The achieved margins of the consolidated net profit (40.0 percent), consolidated EBIT (46.8 percent) and consolidated EBITDA (56.1 percent) increased as compared to Q1 2019 (31.6 percent; 36.8 percent and namely 52.2 percent), confirming an improvement of the Group’s activity, even if the revenue recorded a decrease.

The natural gas consumption estimated nationally for Q1 2020 was 45.85 TWh, approximately by 3.7 percent lower than the consumption recorded in Q1 2019.

Post Views: 3,465

Search for an article

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

INTERVIEW Răzvan Marincoi, Generatik: “The mall is slowly turning into a media asset, not just a shopping centre”

Accenture study: 74% of consumers are ready to let an AI agent shop on their behalf

INTERVIEW Andrei Berechet, Adrem: “Data center developers will be increasingly significant clients in the next three to five years”

Romanian Police and Ursus Breweries Study: Perceived traffic safety reaches a historic high in Romania, at 66%, but the main risks remain speed, inattention,...