At the end of the trading session, the company reported net profit of RON176.4 million, at the group level, for the first half of 2024, up 149% on the year. Operating revenue before the balancing and construction activity, according to IFRIC12, climbed 45% to RON1.1 billion, in line with stock market data.
Operating costs before the balancing and construction activity, according to IFRIC12 increased to RON925 million from RON728 million in the first half of 2024. In the second quarter of 2024, net loss stood at RON86.5 million, from RON52.8 million in the same period of 2023.
TGN shares have traded up 31% so far in 2024 and 39% in the last 12 months, amid deals worth RON106 million and RON165 million, respectively. The company is 58.5%-owned by the Secretariate General of Romania’s Government.