Transgaz posted a net profit of over RON 602 million on December 31, 2017, in year-on-year increase by 1.28 percent, according to the report of the company posted on Bucharest Stock Exchange (BVB).
The operating revenue before the balancing and the construction activity, according to IFRIC12, reached over RON 1.748 billion, a drop by 3.69 percent compared with the data registered on December 31, 2016.
Also, the gross profit from operation dropped to RON 677.971 million on December 31, 2017 from RON 690.117 million on December 31, 2016.
The overall gross profit obtained by Transgaz was higher by 0.83 percent at the end of 2017 compared with the end of 2016, respectively RON 719.957 million.
According to the preliminary results of the company, the debts amounted to 1.525 billion on December 31, 2017, a growth by 0.54 percent compared with the same period of 2016.
SNTGN Transgaz SA is the technical operator of the National System of Natural Gas Transport, which ensures the transport of over 90 percent of the natural gas consumed in Romania.
Since 2008, Transgaz is listed on BVB.
The post Transgaz’s net profit up by 1.28 pct to over RON 602 mln in December 2017 appeared first on Business Review.