The company also released its preliminary financial results for 2021: total revenue of RON6.2 billion and RON1.7 billion profit, resulting a 27% margin.
92% of Romgaz revenue in 2022 is expected to be generated by revenue from domestic gas deliveries. The increase in revenue from gas sales is due to an increase in delivery prices which also generated a significant surge in the tax on additional income, according to the company.
The company also envisages expenditure of RON10.2 billion in 2022, double against the previous year, with the bulk going into taxes, respectively RON4.8 billion for the tax on additional income due to higher natural gas prices.
“The increase in royalty taxes and in the tax on additional income stands at RON5.4 billion and accounts for 90.7% of the total spending growth in 2022”.
Romgaz has a stock market capitalization of RON14 billion and is listed on the main segment of the local stock market. The company’s shares have grown by 19% over the last year amid deals worth RON600 million.