Transgaz, net profit up by 21pc in nine months to almost RON 434m

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Transgaz registered a net profit of RON 433.552 million in the first nine months of this year, up by 21% against the one in the similar period of 2016, of RON 358.469 million, according to data submitted on Monday by the company to the Bucharest Stock Exchange (BVB).

According to the source, the company earned a net profit of RON 33.061 million in the third quarter, down by 57% as compared to the same period in 2016.

Transgaz reported operating incomes before balancing and construction activity in line with IFRIC12 up by 5% against the first nine months of the previous year, with an increase of RON 61.963 million. The pre-balancing operating expenses and construction activity in line with IFRIC12 decreased by 1% as compared to the first nine months in 2016, their level being by RON 10.358 million lower.

The expenditures for investments completed by September 30, 2017 were of RON 46.026 million, out of which RON 2.669 million represent connection facilities to the National Transmission System (SNT) carried out on the basis of the Regulation for access to the SNT approved by GD no. 1043/2004.

Transgaz added that on September 30, 2017 there were no outstanding payments.

According to the report, on September 30, 2017, the amount of RON 536.775 million had been paid to the state budget.

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