Romania's Transgaz 2016 net profit rises 22%

Romanian gas transmission company Transgaz [BSE:TGN] said on Thursday its net profit rose 22% year-on-year in 2016, reaching 595.7 million lei ($140 million/131 million euro), seenews.com informs. Operating revenues rose 12% to 1.86 billion lei, while operating costs increased by an annual 20% to 698.8 million lei, Transgaz said in its 2016 financial report citing preliminary figures. Transgaz was planning 721.9 million lei ...

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