Transgaz revenues up in 2014

Transgaz-revenues-up-in-2014

Transgaz’s revenues last year rose by 8.8% to RON 1.69 billion and the net profit increased by 51.7% to RON 507.4 million, according to preliminary financial results, announced the company. The company’s revenues in 2014 were positively impacted by the increase of the capacity’s booking tariff, which generated an additional RON 98.1 million, an increased reserved capacity (RON 77 million), and an increase of the amount of charged gas (RON 51.6 million, a company release informs. In contrast, the decrease of volume transported and thus of the tariffs cashed and of the financial incomes have had a negative impact of RON 96.4 million and RON 7.3 million respectively. Transgaz’s expenditures have decreased by 4.4% in 2014 to RON 1.07 billion, from RON 1.12 billion lei in the previous year. According to preliminary results, the company’s investments last year amounted to RON 152.3 million and it paid RON 24 billion for interests related to loans for investments.

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March 2015

June 2017