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CONTED SA - CNTE

2017 Q1 financial results

Release Date: 5/15/2017 8:04:28 AM

IRIS Code: 4EE1D

 

Synthesis report on the economic and financial indicators

 

   1.   Financial position - lei

 

31,03,2017

31,03,2016

% Elements in total assets / total liabilities 2017

% Elements in total assets / total liabilities 2016

%

2017 / 2016

I. Total assets(TA) from which:

12,473,244

12,073,718

100.00

100.00

3.31

1. Fixed assets from which:

5,557,910

4,308,320

44.56

35.68

29.00

1.1. lands

868,949

842,140

6.96

6.97

3.18

1.2.constructions

3,418,796

2,218,528

27.41

18.37

54.10

1.3. real estate investment

121,835

35,858

0.98

0.30

239.77

1.4. other fixed assets

1,148,330

1,211,794

9.21

10.04

- 5.23

2. Current assets from which:

6,815,972

7,753,721

54.64

64.22

- 12.09

2.1. stocks

1,270,373

1,464,162

10.18

12.13

- 13.24

2.2. liabilities

2,225,839

2,210,791

17.84

18.31

0.68

2.3. cash register and bank accounts

3,319,760

4,078,768

26.62

33.78

- 18.61

3. Other assets

99,362

11,677

0.80

0.10

750.92

II. Total liabilities (TP) from which:

12,473,244

12,073,718

100.00

100.00

3.31

1.Total debts from which:

1,922,895

2,613,355

15.42

21.64

- 26.42

1.1. with payment under one year

1,643,287

2,560,045

13.18

21.20

- 35.81

1.1.       1.2. with payment longer than one year

279,608

53,310

2.24

0.44

424.49

2. Equity

10,550,349

9,460,363

84.58

78.36

11.52

 

 From the comparative analysis of the balance sheet items, it was noticed a increase by 29% of the fixed assets and a decrease of the current assets by 12.09% compared to 2016. The weight of debt in total assets was only 15.42%,  period in which equity oscillated between 78.36% and 84.58% of total assets. 

 

     2. The overall result is the following:       - lei

Current no.

Overall result elements

31,03,2017

31,03,2016

2017/2016

(%)

1.

Total income

4,068,811

4,704,412

- 13.51

1.1.

Exploitation income, from which

4,059,788

4,695,749

- 13.54

1.1.1.

Sales income - turnover

4,249,142

5,819,783

- 26.99

1.2.

Financial income

9,023

8,663

4.16

2.

Total expenses

3,778,358

4,189,968

- 9.82

2.1.

Exploitation expenses, from which:

3,760,439

4,152,652

- 9.44

2.1.1.

Expenses related to raw materials and materials

209,712

361,640

- 42.01

2.1.2.

External expenses related to energy and water consumption

290,092

327,864

- 11.52

2.1.3.

Expenses related to staff

3,137,809

3,173,339

- 1.12

2.1.4.

Expenses with amortization

126,629

82,579

53.34

2.1.5.

Other exploitation expenses

122,286

207,230

- 40.99

2.1.6

Adjustments for provisions

     (126,089)

-

-

 

- Expenses

                 -

-

-

 

- Incomes

        126,089

-

-

2.2.

Financial expenses

17,919

37,316

- 51.98

3.

Gross profit (1-2) from which:

290,453

514,444

- 43.54

3.1.

Exploitation profit

299,349

543,097

- 44.88

3.2.

Financial activity profit

(8,896)

(28,653)

- 68.95

4

Net profit

254,972

440,425

- 42.11

 

 From the analysis of the above mentioned information, we notice a decrease in gross profit by 43.54%, turnover of 26.99% and revenues by 13.51%, as against 2016.

Compared to the same period last year the categories of expenditure, expenses with amortization increase by 53.34%, and other expenses have fallen. Net profit decrease by 42.11% over the same period last year.

 

    3. Cash Flow

    At the end of the period, the cash has an increase by 529,208 lei, compared to the beginning of the reporting period, due to the net cash deriving from the exploitation activities. The net cash on March 30th, 2017 is recording an decrease to the amount of 759,008 lei (18.61%), compared to the same period of the previous year.

                                                                                                                                                         lei

 

            31,03,2017

31,03,2016

  Net cash from the exploitation activities  

 535,090

            1,199,966

Net cash from the investment activities 

            -

(62,504)

Net cash from the financing activities

                 (5,882)

           (157,992)

Net increase /decrease of cash and cash equivalent

                529,208

             979,470

Cash and cash equivalent at the beginning of the period

  2,790,552

            3,099,298

Cash and cash equivalent at the end of the period

  3,319,760

            4,078,768

 

              General Manager,                                                                        Chief Economic Office,

                Ec. Manuel Popa                                                                            Ec. Mihai Elena

 

Announcement regarding the availability of quarterly report

 

        S.C. CONTED S.A., having its headquarters in Dorohoi locality, str. 1 Decembrie nr. 8, Botosani county, registered at the Trade Register Office with no. J07/107/1991, sole registration code RO622445, informs that the quarterly report on 31.03.2017, drafted according to Art. 113 of C.N.V.M. Regulation no. 1/2006, is available to the shareholders, investors and to the public, from 15.05.2017, at 9:30 on the website of the company - www.conted.ro, at the Shareholding section and at the company headquarters for free.

For additional information, call the phone number: 0231/610067, interior 106, contact: Mihai Elena.

Report can be viewed at:

 

Chairman of the Board of Directors,

Eng. Manole Popa

 



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