According to the draft budget of the Romanian natural gas producer Romgaz, the company estimates 219 gross profit in the amount of some 343 million euros, which is 27 % lower than its profit recorded last year.
Draft budget also estimates that the revenues will drop by 8 % to 965 million euros, while the expenditures will be 6 % higher and would reach 622 million euros. The share of profit allocation for the shareholders’ dividends is 50 %t, and the difference which is not allocated will go to the own sources of development. The level of back-paid debts, estimated for the end of 2018, is 257 million euros.
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Tags: financial, gas, investment, Romania, Romgaz