Romanian natural gas producer Romgaz reported “high” operational and financial performances in the first six months of the year on Friday.
The company, which is 70% owned by the Romanian government and traded through global depositary receipts on the FTSE IOB market, said national gas consumption rose 8% year-on-year, while Romgaz deliveries increased 23.7%.
As a result, Romgaz held a 53% market share in terms of deliveries from internal production – 8.6% higher than the share held at the same time last year.
Natural gas production for the first half totalled 2,519.2 million cubic metres, which was 12.2% higher year-on-year.
Romgaz electricity production reached 203.08 GWh, down 92.15 GWh, or 31.21%, from the prior year, which placed Romgaz at a market share of 0.67%.
Consolidated earnings per share came in at RON 2.0 (35p).
Total income rose 1.11% year-on-year to RON 2.23bn, while total expenses increased 5.05% to RON 1.29bn.
Net consolidated profit slipped 4.9% to RON 800.8m.
