The Romgaz Medias National Natural Gas Company (SNGN Romgaz) has scheduled investments of RON 1.322 bln this year, according to its budget of revenues and expenditures published in the Official Gazette.
The company’s total revenues are estimated at RON 4.64 bln, while its expenditures are estimated at RON 2.783 bln, Romgaz being set to close the year with a gross profit of RON 1.85 bln.
Romgaz reported a net preliminary profit of RON 1.434 bln last year, up by 44 per cent year-on-year, according to the preliminary data published on February 19 on the Bucharest Stock Exchange (BVB) website.
The company’s turnover reached RON 4.49 bln, up by 15.38 per cent year-on-year, influenced by the growth in the quantity of natural gas delivered, the hike in the price of natural gas and the tariffs for gas storage services offered in Q1 of 2014 compared to the same period last year, but also by the growth in the quantity of electricity delivered and the volume of specific services offered in the electricity sector.
SNGN Romgaz is a Romanian producer and distributor of natural gas, its main activities being natural gas exploration and production, the distribution of natural gas, the storage of gas and the production of electricity.