Transgaz Reports Earnings Results for the First Half of 2018
August 14, 2018 at 09:41 am EDT
Transgaz reported earnings results for the first half of 2018. For the first half, the company reported its first-half net profit fell by 30% on the year to RON 279.6 million ($68 million/€60 million), due to a drop in transmission tariffs and gas volumes. Operating revenues fell 16% on the year to RON 824 million in the first half of 2018, mainly because of the lower revenues from the commodity charge, capacity booking and international gas transmission.