Romania's Romgaz reports 22.7% higher net profit in Jan-Sep
In the first nine months of 2021, Romgaz Group announced that its revenues rose by 19.8% YoY to RON 3.50 bln. In Q3 alone, its consolidated revenue increased by 71.9% YoY.
The Group’s net profit increased slightly steeper, by 22.7% YoY to RON 1.156 bln.
Consolidated net profit per share (EPS) was RON 3.0, 22.7% higher than the one recorded in the first nine months of 2020.
Achieved margins of consolidated net profit (33.07%), consolidated EBIT (37.50%), and consolidated EBITDA (51.69%) are relatively similar to those recorded in the nine-month period ended on September 30, 2020 (32.28%; 36.71% and 52.74% respectively) and maintain Group’s profitability.
andrei@romania-insider.com
(Photo source: Facebook/Romgaz)
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