Transgaz reported earnings results for the first quarter ended March 2018. For the quarter, net profit fell 26% on the year to RON 236.6 million ($61 million/EUR 51 million), due to a drop in transmission tariffs and gas volumes. Operating revenues fell 16% on the year to RON 535.5 million in the first quarter of the year, mainly due to lower commodity component and capacity booking revenues. The company's operating costs fell by an annual 3% to RON 258 million in January-March.