"Transgaz" Mediaş (symbol: TGN) has reported a net profit of 215.2 million lei, after the first nine months of the current year, down 24.19% YOY, according to a report sent to the Bucharest Stock Exchange.
Total revenues fell approximately 5.78 million lei, from 1,025,845,152 lei on September 30, 2011, to 1,020,066,906 lei on September 30, 2012.
The revenues were influenced by factors such as the smaller volume of natural gas transported, compared to September 30, 2011, and its fall from 93,433,034 MWh to 90,286,780 MWh.
Operating revenues fell 13.5 million lei, from 985.2 million lei at the end of Q3 2011, to 971.7 million lei during the similar period of 2012, whereas financial revenues increased 7.7 million lei, to 48.3 million lei in the first three quarters of the current year, from 40.5 million lei in the similar period of last year.
Total expenses increased 63.4 million lei, from 686.03 million lei after the first nine months of 2011, to 749.4 million lei during the similar period of the current year. Operating expenses increased by 70.7 million lei YOY, to 728.1 million lei, whereas financial expenses fell by 7.32 million lei during the reviewed period.
Gross profit fell 20.37%, from 339.8 million lei in the first nine months of 2011, to 270.6 million lei at the end of Q3 2012.
Shareholders' equity was 3,131,293,062 on September 30, 2012, down 131.5 million lei, compared to the beginning of the year.
On one hand, non-current assets fell 54.5 million lei in the first nine months, and current assets increased 3.2 million lei.
Short term and long-term debts of "Transgaz" both shrank at the end of Q3 2012. Short term debts fell to 256.4 million lei, and long term debts fell to 57.6 million lei.
The secondary public offer of "Transgaz" was postponed by the president and the prime minister, who agreed that the
