Revenues from sales of natural gas dropped 24.48% but consolidated revenue from gas storage activities grew 13.32% and electricity sales grew 29.9%, the company said.
For the fourth quarter of 2020, Romgaz estimates 59.5% growth in turnover compared with the third quarter, as natural gas quantities sold grew 86.4%.
Romgaz expects a net profit of RON1.25 billion for 2020, 15.14% higher compared with 2019.
In the fourth quarter,m the company reported a net profit of RON312.7 million, up 121.6% compared with the third quarter.
The company estimates its EBIDTA at RON1.8 billion, 28% lower compared with 2019.
At the end of 2020, the company had 6,188 employees, from 6,251 in 2019.
Romgaz is 70% owned by the Romanian state while the seven private pension funds operating on the mandatory segment (Pillar II) own a total of 12.75%.