Romgaz, the largest natural gas producer in Romania, controlled by the state, registered in the first six months of the year a net profit of RON 976 million (EUR 205 mln), up 24.7% compared to the same period of last year. Its business grew by 16.2%, to RON 2.87 billion (EUR 604 mln).

The company’s market capitalisation was RON 12.7 bln (EUR 2.67 bln), after its shares rose by 0.15% on the half-year financial reports.

The amount of gas extracted in the first half of the year increased by 2.3% year-on-year, to 2.7 billion cubic meters.

The electricity production of the Iernut power plant decreased by 63%, as the plant was shut down for upgrade during the entire second quarter of the year.

The market share of Romgaz on the gas national market was 46.3%, 1 percentage point higher than in the same period last year (45.3%), the company said.

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editor@romania-insider.com