Trangaz net profit loses 27 percent to EUR 63 mln in 2012 on lower gas transport

Newsroom 27/02/2013 | 15:38

The unaudited net profit of Transgaz, the state-owned gas transport company, fell by 27 percent to RON 281 million, while the turnover lost 0.7 percent to RON 1.3 billion (EUR 291 million).

The decreased profit was due to a reduction of 547 million cubic meters in transported gas and delayed customer payments.

Revenues lost 2.5 percent to RON 1.42 billion (EUR 318 million) and expenses added 3 percent to RON 1 billion (EUR 224 million), because of additional provisioning for employees’ benefits, auxiliary expenses and amortization.

Transgaz shares lost 0.39 percent to RON 205 on late Wednesday trading on the Bucharest Stock Exchange (BSE).

Ovidiu Posirca

BR Magazine | Latest Issue

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

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Newsroom | 26/10/2022 | 17:53

    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
    I agree with the storage and handling of my data by
    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