Romgaz expects lower revenues, profit due to capped gas prices in 2019

Romgaz, one of the most profitable state-owned companies in Romania, expects lower revenues and profit this year due to the new measures introduced by the government, especially the capped gas prices, according to Romgaz CEO Adrian Volintiru. The company, listed at the Bucharest Stock Exchange (BSE), estimates a decline of its turnover by 20-25 percent this year compared with 2018 and a reduction of its profit by RON 420 million, Volintiru said, cited ...

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