Last year, the natural gas transport and dispatching company Transgaz, has made investments totaling 239.55 million lei, representing 68% of the investment volume budgeted at the beginning of the year, shows a press release of the company from Mediaș. According to the Management Plan, for 2015 were estimated investments of 352.2 million lei.

The financial results approved by the shareholders show that the gross result (EBITDA) recorded in 2015 amounted to 779.58 million lei, 26% above expectations. The operating expenses (excluding depreciation) decreased to 883.82 million lei, the total revenues exceeded 1,7 billion lei and the net profit was close to the value of 488.73 million lei, shows the company’s financial situation.

“The main factors that caused significant performances of the company in 2015 are: revenue growth from the international natural gas transport due to the variations in the exchange rates of the currencies of ongoing contracts; increasing the share of the fixed component of total revenues from 35% to 60%; the increase of the reserved capacity since the introduction of the reservation of capacity at 01.08.2014 on the entry-exit points; the declining of the share of the variable component in total revenues from 65% to 40%; increasing the quantity of invoiced gas; the gross savings in several expense categories, totaling 345.852 lei”, say the company representatives.

The shareholders took note of the report of the Nomination and Remuneration Advisory Committee regarding the remuneration and the other benefits granted to managers and directors during the 2015 financial year, informs the company release. The company managers were rewarded last year with a total of 2.82 million lei.