September 21, 2018

Trangaz net profit loses 27 % in 2012

The unaudited net profit of Transgaz fell by 27 % to RON 281 million, while the turnover lost 0.7 % 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 % to RON 1.42 billion (EUR 318 million) and expenses added 3 % to RON 1 billion (EUR 224 million), because of additional provisioning for employees’ benefits, auxiliary expenses and amortization.

Source: Business-Review (read more)

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