In January through August 2010, Romgaz reported a net profit of RON297.6 million.
“The profit for January-August 2011 is higher compared with the same period of last year, due to savings measures in a series of cost categories,” Romgaz told Mediafax in an email.
Romgaz said total sales rose 10.9% on the year to RON2.57 billion (EUR595 million), boosted by increased deliveries of imported gas.
The company sold 759 million cubic meters of imported gas in the first eight months, up from 481 million cubic meters in the same period of 2010.
On the other hand, Romgaz said output fell 3.5% on the year to 4.14 billion cubic meters.
Romgaz is majority owned by the Economy Ministry, with an 85.01% stake. The ministry plans to sell 15% of its stake on the Bucharest bourse, but it has yet to announce an exact date for the offering.