Operating revenue before the balancing and construction activity, according to IFRIC12, neared RON1.1 billion in Jan-Sept 2023, down 1% on the year.
Revenue from the balancing activity plunged 58% on the year to RON321.67 million in the first nine months of 2023. Operating costs before the balancing and construction activity, according to IFRIC12, increased by 12% as compared to the year-earlier period, up to RON1.14 billion.
TGN shares have traded 8.7% higher so far in 2023, amid deals worth almost RON160 million and a market value of RON3.5 billion.
Transgaz is 58.5%-owned by the Romanian State and the remaining shares are distributed among other shareholders.