Romania: Lower profit for Romgaz in the first six months

State-owned Romgaz Medias, the biggest gas producer in Romania, recorded revenues of RON 2.47 billion (EUR 531 million) in the first half of this year, up 3.4% compared to the same period of 2017.

The company’s net profit, however, dropped by 10% to RON 797 million (EUR 171 million) as the expenses increased by 18%, to RON 1.5 billion (EUR 322 million). The bottom line was mainly influenced by higher royalties the company had to pay starting February.

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