“Sales seen in the first half of 2011 are 6.89% higher on the year, due to higher deliveries of natural gas from import. Net profit is higher due to savings on several cost elements,” the company said.
In the timeframe analyzed, overdue receivables more jumped 362.78%, to RON477 million, as clients facing financial problems could not observe payment agreements concluded with Romgaz.
Sales volumes dropped 8% to 32.92 million MWh, form 35.74 million MWh.
For this year, the company plans to invest a total RON381.53 million, mainly in drilling and gas drying.
Romgaz is state-owned and it provides some half of Romania’s gas production. The other large producer is OMV Petrom (SNP.RO). (EUR1=RON4.2445)