Romania Transgaz 1st Half Net Profit Up 18.5%, At RON170.1 Million

Romanian state-owned gas pipeline operator Transgaz ( TGN.RO) Friday posted a net profit of 170.1 million lei ($58.2 million) in the first half-year, up 18.5% on the year, news agency Mediafax reported.Transgaz's total revenue reached RON629.3 million in January-June, 11.6% higher on the year, despite a decrease in the natural gas transported.The revenue growth was supported by the increase in the regulated gas transit tariffs, in the international transit tariffs, as well as by higher ...

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