Transgaz Q1 net at 145.6 mln lei, beats consensus

Romanian gas pipeline operator Transgaz (TGNM.BX) posted a 58.2 percent rise in its first-quarter net profit on Monday, largely because of a leu currency depreciation and a hike in gas tariffs. The state monopoly's first-quarter net profit stood at 145.6 million lei ($46.2 million), compared to an average forecast in a Reuters poll of 100.2 million lei."Revenues rose mainly due to a rise in regulated tariffs for natural gas transport services (and) an increase in revenues from international ...

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