In January-September 2012, Transgaz posted a net profit of RON254.2 million.
Transgaz said total expenditure increased 16.4% on the year to RON824.4 million in the first nine months, largely due to a one-time charge of RON110.67 million in relation to the failed Nabucco West pipeline project, in which the company is a minority shareholder. State-run Transgaz also had to pay higher taxes, due to a monopoly tax introduced by the Romanian government earlier in the year for electricity and natural gas transmission companies.
Overall revenues rose 5.25% on the year to RON1.07 billion in the analyzed period, fueled by an increase in reservation tariffs, Transgaz said in its quarterly report.
Gas transport fell by 7.74 million megawatt hours to around 82.55 million MWh in the first nine months, the company said.
Transgaz was listed on the Bucharest Stock Exchange at the beginning of 2008. The Economy Ministry owns a 58.51% stake, investment fund Fondul Proprietatea has almost 15% of its shares and the rest is distributed among minority shareholders.
Tuesday, Transgaz closed down 1% at RON190 a share. (EUR1=RON4.4545)