BUSINESS

Romania’s Transgaz reports 2014 net profit of RON 507,42 million, up 52 pct

Romania’s Transgaz national natural gas transmission corporation has reported an unaudited 2014 net profit of RON 507.428 million, up 52 per cent from 2013’s net profit of RON 334.491 million, according to the latest unaudited financial reports posted on the corporation’s website.

Total revenue was up 9 per cent in 2014, at RON 1.695 billion from RON 1.557 billion in 2013. Total expenditure was down 4 per cent, at RON 1.077 billion.

Transgaz paid to the national budget RON 629.69 million in 2014, of which 254.788 million in Value-Added Tax (VAT), RON 106.405 million in profit taxes, RON 163.505 million in oil royalties, RON 37.664 million in income and pay taxes, RON 1.922 million in special structure tax and RON 55.387 million in natural monopoly fees.

 

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