300 million lei net profit for Transgaz in 2009

The National Gas Transport Company Transgaz Medias registered in 2009 a net profit of 298.068 million lei (around 70 million euros), 25 percent higher than the one in the previous year, according to the estimated financial information sent to the Bucharest Stock Exchange.

The company’s turnover went up from 1.12 billion lei in 2008 to 1.187 billion lei last year (plus six percent), while revenues increased by 7 percent, to 1.258 billion lei. The expenditure also posted a slight increase of 0.77 percent, totaling 897.74 million lei in 2009.

On December 31, 2009, Transgaz had accounts payable worth 864.247 million lei, out of which 336.798 million lei were due in a year and accounts receivable amounting to 245.279 million lei. Transgaz is the technical operator of the national transport system and is accountable for its well functioning under quality, safety, economic efficiency and environment protection conditions.
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