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Romgaz 2011 Net Income Rises 17% to 762 Million Lei, Revenue Up

February 23, 2012, 8:57 AM EST

By Andra Timu

Feb. 23 (Bloomberg) -- Romgaz SA, Romania’s natural-gas company, said its 2011 net income increased 17 percent to 762 million lei ($233 million).

The company’s sales increased to 4 billion lei last year from 3.6 billion lei a year earlier, Dumitru Chisalita, the company’s chief executive officer, said during a conference in Bucharest today.

--Editors: Alan Crosby, Elizabeth Konstantinova

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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