Lower transmission tariffs drag down Transgaz 2019 profit

Romanian gas transmission company Transgaz [BSE:TGN] said on Thursday that its net profit fell by 29% on the year to 349.4 million lei ($79 million/73 million euro) in 2019, due to a drop in transmission tariffs. Operating revenue before balancing and construction activity edged down by an annual 2% to 1.57 billion lei, mainly influenced by lower commodity transmission tariffs, Transgaz said in its 2019 provisional report ...

Developed by Codecraftsman