Romania Transgaz 9-month more than doubles y/y, above fcast

Wed Nov 12, 2014 5:03pm GMT

BUCHAREST Nov 12 (Reuters) - Romania's state-owned gas pipeline operator Transgaz posted a nine-month net profit of 374.04 million lei ($105.24 million), above forecast and more than double compared with the same period of last year, company data showed on Wednesday.

Analysts at Alpha Bank in Bucharest had expected a net profit of 337.6 million lei. Transgaz recorded a net profit of 160 million lei in the same period of 2013. ($1 = 3.5542 Romanian lei) (Reporting by Luiza Ilie)

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