In January through June last year, Transgaz posted a net profit of RON134.7 million.

Transgaz said total revenues rose 14% on the year to RON873.13 million, while overall costs fell 12% to RON514.37 million.

Gas transport revenues increased to RON714.3 million, from RON600.86 million a year ago, fueled by a 21% raise in tariffs.

Transport volumes fell to 6.14 million cubic meters in the first half of 2014, from 6.27 million cubic meters a year earlier.

Transgaz is 58.5%-owned by the Romanian state, through the government’s General Secretariat.

Wednesday, the company’s shares closed up 0.72% at RON211 a share in Bucharest. (EUR1=RON4.4347)