March 2 (SeeNews) - Romanian natural gas producer Romgaz Group [BSE:SNG] said that its net profit rose 33% year-on-year in 2022, reaching 2.544 billion lei ($548.9 million/516.9 million euro).
The group's total revenue surged by 129% on the year to 13.38 billion lei in 2022, Romgaz said in a statement filed with the Bucharest Stock Exchange, BVB.
Romgaz produced 4.935 billion cu m of natural gas last year, down 1.84% on 2021, whereas electricity production increased by 73.5% to 1.11 TWh.
The company's earnings before interest, tax, depreciation, and amortisation rose 26.5% to 3.524 billion lei in 2022.
Romgaz Group consists of parent company Romgaz [BSE:SNG], its wholly owned subsidiary Depogaz, and its associates Depomures and SC Agri LNG Project Company. As of end-2022, Romgaz Group had 5,971 employees.
Blue-chip Romgaz's shares traded 2.22% higher at 41.4 lei as at 1218 CET on Thursday on the BVB.
(1 euro=4.92213 lei)