Romania's Romgaz 9-mo net profit falls on lower demand

Romanian natural gas producer Romgaz [BSE:SNG] said on Friday its net profit dropped 26.8% year-on-year to 713.7 million lei ($173 million/ 159 million euro) in the first nine months of 2016 due to decreased demand, seenews.com reads. The company’s performance was mainly affected by a 6% drop in natural gas demand on the Romanian market, the company said in its third quarter financial report. Earnings before interest and taxes (EBIT) declined 22.4% to 900.5 million ...

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