Its turnover grew 15.5% in the first quarter, to RON1.7 billion.
The growth in turnover was due to a 13.3% hike in revenues from natural gas sales both from Romgaz production and gas purchased in order to be resold and from partnerships, despite a 16.86% drop in revenues from electricity sales and a 28.28% drop in revenues from underground gas storage activity due to lower storage tariffs approved by ANRE applicable starting with April 1, 2018.
The company’s earnings per share stood at RON1.4 in the first quarter, its consolidated net profit margin stood at 31.6%), its consolidated EBIT margin was 36.8% and consolidated EBITDA margin was 52.2%.
Natural gas consumption estimated nationally for the first quarter was 48.5 TWh, 3% lower than the consumption recorded in the same period of 2018.
Romgaz Group scheduled investments of RON330.15 million for the first quarter but invested just RON188.36 million, 43% less than scheduled.