Romania: Small decrease in Transgaz’ profit in 2020, SEE Energy News
Romanian natural gas transmission system operator Transgaz invested around 202 million euros in the first nine months of 2020.
Transgaz recorded a net profit in the amount of 42 million euros in the first nine months of 2020, which is by 9 % lower compared to the same period last year.
The company’s operating profit dropped by 18 % year-on-year to 73.2 million euros, while its operating revenues fell by 7 % to 205 million euros. Operating costs before the balancing and construction activity dropped by an annual 5 % to 163.2 million euros in the nine months of the year, while balancing costs were by 41 % lower reaching 30.3 million euros.
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