It said its revenue grew 19% in the first half, to RON2.9 billion.
Romgaz’s turnover grew 16.2% on the year in the first half, to RON2.8 billion, due to growth in natural gas sales revenue. At the same time, expenses grew 16.1%, to RON1.7 billion.
The company’s consolidated net profit margin stood at 33.9%, its consolidated EBIT margin was 39.2% and consolidated EBITDA margin was 51.9%.
Natural gas consumption estimated nationally for the first half of the year was 3% lower, while Romgaz deliveries remained constant. Romgaz’s share on the gas deliveries market reached 46.3%, up from 45.3% in the first half of 2018.
Its natural gas production amounted to 2.7 billion cubic meters in the first half, 2.3% higher than in the same period last year and 0.3% lower than planned.
Its electricity production amounted to 171.66 TWh in the first half, down from 466.22 Twh in the first half of 2018. This production placed Romgaz at a market share of 0.64%.