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

Q1 financial results 2018

Release Date: 5/15/2018 7:48:24 AM

IRIS Code: A70A6

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 2018 compared to Quarter I 2017 are:

* thousand RON *

No.

Name

Obtained in Q I 2017

Obtained in Q I 2018

Increase

0

1

2

3

4=3/2x100-100

1.

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

638.662

535.496

-16%

2.

Revenue from the balancing activity

46.982

72.328

54%

3.

Revenue from the construction activity according to IFRIC12

7.421

16.354

120%

4.

Financial revenue

11.075

8.129

-27%

5.

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

266.633

258.095

-3%

6.

Costs from the balancing activity

43.138

72.328

68%

7.

Cost of assets built according to IFRIC12

7.421

16.354

120%

8.

Financial costs

4.152

2.875

-31%

9.

GROSS PROFIT, of which:

382.795

282.655

-26%

· from operation

375.873

277.401

-26%

· from the financial activity

6.922

5.254

-24%

10.

Income tax

62.662

46.050

-27%

11.

NET PROFIT

320.133

236.605

-26%

Operating revenue before the balancing and construction activity, according to IFRIC12 decreased by 16% as compared to the corresponding period of Q I 2017, which is lower by LEI 103.166 thousand.

Operating costs before the balancing and construction activity according to IFRIC12 decreased by 3% as compared to Quarter I 2017, which is lower by LEI 8.538 thousand.

The financial cost is lower by LEI 1.277 thousand based on the foreign exchange gains.

As compared to Quarter I 2017 the gross profit obtained in Quarter I 2018 decreased by 26%, which is lower by LEI 100.140 thousand.

The Quarterly report as at 31 March 2018 is prepared according to the provisions of Annex 30B of CNMV Regulation no 1/2006 and includes unaudited financial information.

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

§ on TRANSGAZ’ website at: http://www.transgaz.ro/en/investitori/raportari_financiare

§ 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



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