In the first three months of 2012, Transgaz posted a net profit of RON189.4 million.
Transgaz said total revenues declined 3.1% on the year to RON456.4 million. Revenues from transport services were down 3.4% to RON374.2 million, according to the company’s financial report.
The company said gas transport volumes fell by approximately 177 million cubic meters in the first quarter from the year-ago period.
Overall costs inched up 0.5% year-on-year to RON245.2 million.
Transgaz was listed on the Bucharest Stock Exchange at the beginning of 2008. The company had a secondary offering for 15% of its shares in early April, which was priced at RON179 a share.
Following the move, Romania’s stake in Transgaz dropped to 58.51%, from 73.51% previously.
Tuesday, Transgaz closed up 1.93% at RON200.4 a share. (EUR1=RON4.3311)