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CONPET SA - COTE

2019 Annual report

Release Date: 4/30/2020 8:52:19 AM

IRIS Code: 82101

CONPET SA

No. 1-3, Anul 1848 Street, Ploiesti, Prahova, Romania

Tax Identification Number 1350020

NACE Code 4950

Registered at Prahova Trade Registry under number J29/6/22.01.1991

Subscribed and paid-up share capital 28,569,842.40 RON

 

 

Financial results for the period January–December 2019

 

 

CONPET SA achieved, in 2019, a turnover of 407.82 mRON, higher by 5.9% as compared to 2018 and the one budgeted for 2019.

The net profit achieved during January–December 2019, of 58.88 mRON is higher by 15.08 mRON (34.4%) as compared to the budget provisions and 1.80 million RON (3.0%) lower than in 2018.

At 31.12.2019, the operating revenues increased by 5.8% as compared to 2018 (443.00 mRON: 2019, from 418.71 mRON in 2018), due to the increase of the transport revenues by 5.6% (402.02 mRON in 2019 from 380.58 mRON in 2018). As compared to the budget provisions, the operating revenues increased by 5.7%.

The operating expenses achieved in 2019 increased by 8.1% as compared to the same period in 2018 (2019: 380.85 mRON, 2018: 352.47 mRON) fact mainly due to increase in tariffs of materials, energy, gas and rail transport, as well as to increase in the personnel expenses.

 

Exceeding of the transport program (630 thousand tons), respectively of the transport revenues has led to operating costs (variable expenses) over the budgeted level by 2.5% (royalty, modernization quota, rail transport services).

 

The operating profit achieved in 2019 amounting 62.15 mRON, recorded an increase of 30.7% (14.6 mRON) as compared to Budget, favorably influencing the EBIDTA indicator that reached the level of 110.41 mRON. As compared to 2018, the operating profit registered a decrease by 4.09 mRON.

 

Financial Results

 

Indicators

(Thousand RON)

Year

2019

Budget 2019

Year 2018

Variation (%)

Variation (%)

Quarter IV 2019

Q4 2018

Variation (%)

2019 Budget

2019/2018

 Q4 2019/2018

Net Turnover

407,822

385,257

385,140

▲5.9%

▲5.9%

103,620

101,448

▲2.1%

Operating Revenues

443,003

419,074

418,711

▲5.7%

▲5.8%

113,016

110,093

▲2.7%

Operating Expenses

380,855

371,510

352,471

▲2.5%

▲8.1%

104,363

91,900

▲13.6%

EBITDA

110,409

93,467

110,741

▲18.1%

▼0.3%

22,278

29,398

▼24.2%

Operating Profit (EBIT)

62,148

47,564

66,240

▲30.7%

▼6.2%

8,653

18,193

▼52.4%

Total incomes

450,877

424,424

424,173

▲6.2%

▲6.3%

114,951

111,790

▲2.8%

Total expenses

381,173

371,600

352,482

▲2.6%

▲8.1%

104,629

91,904

▲13.8%

Gross Profit (EBT)

69,704

52,824

71,691

▲32.0%

▼2.8%

10,322

19,886

▼48.1%

Net Profit

58,877

43,803

60,676

▲34.4%

▼3.0%

8,799

16,958

▼48.1%

 

The Financial Statements prepared at 31.12.2019 have been audited.

 

The annual report related to 2019 financial year can be consulted by accessing the following link:

 

 

 

 

Director General

PhD Eng. Timur – Vasile CHIS

S.s. Illegible

Stamp

 

 

Economic Director

Econ. Sanda TOADER

S.s. Illegible

 

 

 

 

 



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