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Romanian Transgaz Posts First-Quarter Profit Drop on Costs

May 17, 2012

Romania’s natural-gas grid operator Transgaz SA (TGN) said its profit fell 11 percent in the first quarter from a year earlier on rising costs and lower revenue.Net income dropped to 173.5 million lei ($50 million) from 194.9 million lei a year earlier, the Medias, Romania-based company said today in an earnings release sent to the Bucharest Stock Exchange.The state-owned company’s revenue

The text of this article has been partially taken from the publication:
http://www.romanianewswatch.com/2012/05/romanian-transgaz-posts-first-quarter.html
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