Transgaz forecasts total revenue of RON1.53 billion in 2012, up 4.8% on the year, while overall costs are seen at RON1.09 billion, slightly higher from RON1 billion in 2011, according to the company’s revenue and expenditure budget for this year, recently approved by the government.
Transgaz was listed on the Bucharest Stock Exchange at the beginning of 2008. The Economy Ministry owns a 73.5% stake, investment fund Fondul Proprietatea holds almost 15% of its shares and the rest is distributed among minority shareholders.
Romanian authorities announced plans to list an additional 15% stake in Bucharest by year-end.
At around 1:00 pm Friday, Transgaz traded up 0.51% at RON196 a share, amid a slightly declining market. (EUR1=RON4.5362)