Romgaz increases profit by 4.5 percent to 1.43 billion RON in 2019

Romgaz, Romania’s natural gas producer and supplier, registered a net profit of 1.43 billion RON for 2019, an increase by 4.55% year-on-year, according to the preliminary consolidated annual report.

Gas production was 5,276.9 million m3, 56.4 million m3 lower than the production recorded during the previous year (-1.06%) and 1.37% lower than budgeted;

Estimated revenue for the year 2019 is 5.08 billion RON, increased by 1.52% over 2018.

Romgaz reported a decrease of investments in 2019, from 1.8 billion RON in 2018 to 891.6 million RON. The degree of investment achievement is 64.67% as compared to the budget. In 2019, the investment level in the new electric power plant from Iernut was 301.4 million RON, as compared to 568.9 million RON in 2018.