2019 Q1 financial results

TGN S.N.T.G.N. TRANSGAZ S.A.

SNTGN Transgaz SA is a public limited liability company operated according to the Romanian laws and to the Articles of Incorporation.

According to Government Resolution 334/2000 and to the Articles of Incorporation, Transgaz aims at giving effect to the national strategic goals set for gas transmission, international transit, dispatching, research and design, by performing trading acts according to its object of activity, in line with the Romanian laws in force.

The main economic-financial indicators achieved in Quarter I 2019 compared to Quarter I 2018 are:

* thousand RON *

No.

Name

Obtained in Q I 2018

Obtained in Q I 2019

Increase

0

1

2

3

4=3/2x100-100

1.

Operating revenue before the balancing and construction activity, according to IFRIC12

527.946

472.980

-10%

2.

Revenue from the balancing activity

72.328

103.961

44%

3.

Revenue from the construction activity according to IFRIC12

16.354

150.176

818%

4.

Financial revenue

8.129

22.687

179%

 

 

 

 

 

5.

Operating costs before the construction activity, according to IFRIC12

250.545

255.737

2%

6.

Costs from the balancing activity

72.328

103.961

44%

7.

Cost of assets built according to IFRIC12

16.354

150.176

818%

8.

Financial costs

2.875

10.909

279%

 

 

 

 

 

9.

GROSS PROFIT, of which:

282.655

229.021

-19%

 

·       from operation

277.401

217.243

-22%

 

·       from the financial activity

5.254

11.778

124%

10.

Income tax

46.050

37.634

-18%

11.

NET PROFIT

236.605

191.388

-19%

 

Operating revenue before the balancing and construction activity, according to IFRIC12 decreased by 10% as compared to the corresponding period of Q I 2018, which is lower by LEI 54.966 thousand.

Operating costs before the balancing and construction activity according to IFRIC12 increased by 2% as compared to Quarter I 2018, which is higher by LEI 5.192 thousand.

As compared to Quarter I 2018 the gross profit obtained in Quarter I 2019 decreased by 19%, which is lower by LEI 53.634 thousand.

The Quarterly report as at 31 March 2019 is prepared according to the provisions of Annex 13 of CNMV Regulation no 5/2018 and includes unaudited financial information.

The full version of the report is made available to the public as follows:

· on TRANSGAZ’ website at:

https://www.transgaz.ro/en/investitori/raportari_financiare?field_tip_raportare_target_id=22&field_data_value%5Bmin%5D=&field_data_value%5Bmax%5D=

· at TRANSGAZ’ headquarters, in Medias, 1, C.I.Motas Square, the county of Sibiu

· In soft copy – on the web site of the Bucharest Stock Exchange, below link;

 

Director - General

Sterian Ion