Distrigaz Sud posts 182 million lei in 2007 net profit

In 2007, gas distributor Distrigaz Sud posted a net profit of 182 million lei, up by some 16 pct from the 157 million lei registered the year before, reveal company data.
There was a slight growth in the company’s turnover from 3.206 bln lei in 2006, to 3.215 bln lei in 2007.
"The increase is the result of the improvement in the gross margin and growth in the company’s productivity since 2005," said Distrigaz Sud representatives.
Economic profitability was just 7.9 pct, below the reference level established for the sector by the National Energy Regulatory Authority. In 2007 Distrigaz Sud added 57,000 new clients, the increase over the last three years being 19.8 pct.
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