2.2 times higher net profit in H1 for Transgaz


The National Natural Gas Transport Company Transgaz posted 294.37 million lei in net profit in H1 2014, almost 2.2 per cent up from the first half of last year, when its net profit stood at 134.67 million, lei, according to the half-yearly report of the company made available for the Bucharest Stock Exchange (BVB).

The company’s turnover surged 14.85 per cent in the abovementioned interval, from 739.32 million lei up to 849.13 million lei, while the revenues from the exploitation activity climbed 14.63 per cent, from 753.67 million lei up to 863.94 million lei and exploitation expenditures increased by 8 per cent, from 468.97 million lei up to 511.23 million lei.

The total revenues increased from 766.76 million lei up to 873.13 million lei and the total expenditures increased from 585.28 million lei up to 514.37 million lei.

Investment expenditures decreased from 86.33 million lei down to 35.64 million lei in the indicated interval.

Transgaz transported 6.139 billion cubic metres of gas in H1 2014, down 2 per cent from the same interval of the previous year.

SNTGN Transgaz Medias is the technical operator of the National Transport System (SNT). The number of Transgaz shareholders registered with the Central Depository stood at 8,247 at the end of H1 2014, down 3 per cent (249 shareholders) compared with the beginning of the semester, when they were 8,496 shareholders registered.

 

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