Wednesday, November 10, 2010

Romania's Transgaz 9-month net profit up 50 pct

BUCHAREST Nov 10 (Reuters) - Romania's state-owned gas pipeline operator Transgaz (TGNM.BX: Quote) said on Wednesday its nine-month net profit rose 50 percent, within market expectations.

The company reported a net profit of 284 million lei ($92.24 million), versus an average estimate of 286 million lei in a Reuters poll. It compares with net profit of 189 million lei in the same period of last year. (Reporting by Ioana Patran; Editing by Erica Billingham)

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