Net profit should reach RON1.87 billion, with the 40% drop caused by the decline in natural gas volumes delivered and lower prices on the market.
Total individual spending will go up by 12.9% to RON5.36 billion, largely due to taxes. The online line of business that will see growth is electricity, estimated to bring in RON503 million revenue, 31.5% more.
The group’s investment program gets a record high budget of RON6.36 billion, RON3.96 billion of which will go to Romgaz Black Sea for the development of the Neptun Deep offshore block. Dividends should amount to some RON909 million (50% of the distributable profit), with the Romanian government collecting RON637 million.
(English version by Loredana Fratila-Cristescu)