Higher deliveries and price hikes drive Romgaz profit up 41% - Azi

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Romgaz Medias, a company that covers about 30% of the nation"s gas consumption, posted 285 million RON (77.6 million euro) net profit in the first half, an increase of 41% on the same time last year.

"The increase in net profit by 41% compared with the first half of last year is due to the increase in turnover, to the savings on expenses and to the reduction of the share of non-deductible expenses," company officials say. The company posted 1.75 billion RON (478 million euros) in turnover in...

Read the whole story in: Ziarul Financiar