Romania's Transgaz net profit up 18.2% y/y in H1
27/08/2020 07:09
Aug 27 (Reuters) - Romanian state-owned gas pipeline
operator Transgaz ROTGN.BX
* Says its net profit rose 18.24% on the year in the first
half of
this year to 231.2 million lei ($56.54 million).
* Says its operating revenue before the balancing and
construction
activity, according to IFRIC12 edged 2.06% down from the same
2019 period, to 759 million lei.
* Says that provided that gas transmission capacities
required to
transport the Black Sea gas to the Central-Western EU market
exceed the transmission potential of BRUA Phase II, Transgaz
envisages the development of the central corridor, which follows
the route of existing pipelines.
Further company coverage: ROTGN.BX
($1 = 4.0895 lei)
(Reporting by Radu Marinas)
((radu.marinas@thomsonreuters.com; +40 21 527 04 33))