Transgaz posts 19 pct lower profit in Q1 2019

Paul Barbu 14/05/2019 | 14:43

The National Natural Gas Transport Company, Transgaz, registered a net profit of RON 191.4 million in the first quarter of 2019, 19 percent lower than in the same period of last year, when it was RON 236.6 million. 

The revenue was influenced mainly by factors like the commodity component revenue, lower by RON 26.2 million due to the commodity transmission tariff that was reduced by RON 0.48/MWh, with a negative influence of RON 21.5 million, and the gas transmitted capacities, reduced by 1.852 TWh or 165.5 million cubic cm, among others.

On 31 March 2019 the amount of RON 124.8 million was paid to the state budget, of which:

  • VAT: RON 28 million
  • Oil royalty: RON 43.5 million
  • Natural monopoly tax: RON 14.1 million
  • Tax on salary: RON 6.2 million
  • Excises: RON 1.5 million
  • Income tax: RON 31 million
  • Dividend tax: RON 320,000

Transgaz aims to fulfil the national strategy for transport, international transit, gas dispatching and research and design in the field of natural gas transportation by carrying out, in compliance with the Romanian legislation, trade documents corresponding to the activity approved by the Constitutive Act.

The National Natural Gas Transport Company registered a net profit of RON 498.95 million in 2018.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Paul Barbu | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue