Romgaz makes around 50% higher profit amid lower sales - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » May, 2011 » 9 May 2011

Romgaz makes around 50% higher profit amid lower sales
09.05.2011, 23:35 | Energy | 813 views



Romgaz Mediaş, the only natural gas producer controlled by the Romanian state, posted an over 70 million-euro net profit in the first three months of the year, a significant rise against the similar period of 2010, although the company's production and sales fell.

According to financial data sent by the company management, in the first three months of the year Romgaz's net profit reached 298.7 million lei (70.7 million euros), up 46.7% against the similar period of last year when the company reporting net earnings of 203.7 million lei (49.5 million euros).

"The main factor behind the higher profit was accounted for by the higher gas prices on the internal market," explained Lucian Stancu, deputy general manager of Romgaz.

Read more on ZF.ro




Latest news in category Energy

President Klaus Iohannis answered a media question about the South Stream gas pipeline on Thursday by saying Romania will seek new opportunities for consolidating its energy independence and for connecting to the European energy systems. read more...


Prime Minister Victor Ponta in Medias on Thursday, after having paid a visit to Transgaz and Romgaz, said that if the gas exploitation began in the Black Sea, by 2019, there should be enough gas for Romania and the Republic of Moldova. read more...


Russian gas supplies to Romania this Monday were 9.2 percent below normal (and so where Sunday’s shipments) although initially Gazprom had announced a 10.6 percent cut for the day, representatives of the Energy Department told. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2023 Pandora Impex SRL.