Romania’s Transgaz posted in 2012 a turnover of RON 1.3bn, while the profits went down 27%

Romania’s TSO Transgaz Medias (BSE: TGN) last year posted a turnover of RON 1.328bn (EUR 297ml), down 0.6% against 2011, due to the lower amount of gas transported, while the net profit decreased by 27%, to RON 281mln (EUR 63mln). In the previous financial year, the company posted a turnover of RON 1.337bn and a net profit of RON 384.3mln. Total revenues dropped last year 2.6%, to RON 1.42bn (EUR 318.7mln), from RON 1.457bn in 2011, according to a report submitted on Wednesday by Transgaz to the Bucharest Stock Exchange. The financial results submitted are preliminary and prepared according to the International Financial Reporting Standards (IFRS).