Transgaz’s Q1 profit rises 30%

Transgaz Medias (ticker: TGN) said its net profit rose 30% in the first quarter, to 189,213 million lei, and total revenues grew 12.1% year-on-year to 456.353 million lei.The natural gas company profit in Jan-Mar 2009 period stood at 145.567 while total revenues at 406,996 million lei.Expenditures in the three-month period through March dropped 2.1% year-on-year, to 229,332 million lei from 234,256 million lei in 2009.The gas transportation company is held by the Ministry of ...

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