Profit of Romania's natural gas group Romgaz up 4.8% y/y in January-September
The Romanian natural gas group Romgaz (BVB: SNG) announced that it obtained a net profit of almost RON 2.3 billion (EUR 460 million) in the first nine months of this year, 4.8% more compared to last year, according to a note sent to…
iulian ernst · Journalist
· Updated · 2 min read
The Romanian natural gas group Romgaz (BVB: SNG) announced that it obtained a net profit of almost RON 2.3 billion (EUR 460 million) in the first nine months of this year, 4.8% more compared to last year, according to a note sent to investors.
The company's total revenues dropped by 16.3% y/y to RON 6.13 billion, particularly on the natural gas side, where the supplies contracted by 4.5% y/y and the price plunged, resulting in a 21.3% lower turnover (RON 4.65 billion).
