On a group level, the company expects total revenue of RON4.46 billion, total expenses of RON3.41 billion and a gross profit of RON1.05 billion, per ZF’s aggregate data from the budget of revenue and expenditure and the financial report for 2020.
Bu comparison, Romgaz expected for 2020, prior to instating the state of emergency, total revenue of RON5.4 billion, total expenses of RON3.74 billion and a gross profit of RON1.66 billion. However, it ended 2020 with revenue of RON4.13 billion, expenses of RON2.7 billion and a gross profit of RON1.43 billion. In 2020, its turnover dropped 19.8% to RON4.07 billion and its net profit grew 14.5% to RON1.25 billion, per data from the annual financial report.
Overall, Romgaz targets investments of RON1.34 billion in 2021.
On individual level, Romgaz targets total revenue of RON4.35 billion, total expenses of RON3.2 billion and a net profit of RON966,066.
In April 2021, Romgaz received its shareholders’ go-ahead for the distribution of dividends amounting to RON690 million from its 2020 profit and retained earnings. Shareholders approved the distribution of a gross dividend of RON1.79/share, which carries a 5.5% yield at current trading prices, per calculations by Ziarul Financiar.
Romgaz has a market value of RON12.7 billion and on average 5,700 employees. SNG shares have been trading up 17.3% since the beginning of 2021, amid deals worth RON191 million, per stock market data.
Romgaz is majority owned by the Romanian State, with a 70% stake.