Transgaz reported net profit of 374 million lei (EUR84 million) for the January-September period, up 131% from RON161.6 million in the same period of 2013.
The company’s operating revenue rose 15% on the year to RON1.2 billion, while total expenditure went down 6% to RON775.6 million, mainly due to a reduction of financial costs.
Last year, Transgaz booked a provision of RON110.67 million in relation to the failed Nabucco West pipeline project, in which the company is a minority shareholder.
Transgaz is listed on the Bucharest stock exchange, and its shares closed flat Wednesday, in a stable market. The Romanian economy ministry owns 58.5% of the company’s stock.