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CONPET SA - COTE

2019 Q1 report

Release Date: 5/14/2019 6:32:09 PM

IRIS Code: CD76F

CONPET SA

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

TIN RO 1350020

NACE Code 4950

CRN J29/6/22.01.1991

Subscribed and paid-up share capital 28 569 842.40 RON

 

To: The Bucharest Stock Exchange

Phone no. +40 21.307.95.00/ Fax no. +40  021.307.95.19

 

The Financial Supervisory Authority 

Phone no. +40 021.659.60.57/ Fax no. +40 021.659.64.36; 021.659.60.51

 

 

Financial Results for the 3 Months’ Period ended March 31st, 2019

 

 

 

CONPET SA recorded, in the first three months of 2019 a turnover of 98.83 million RON, increasing by 8.7% compared to the same period of the previous year and by 8.5% compared to the budgetary provisions.

 

In the first 3 months of 2019 the net profit of the company increased by 26% (2.98 mRON) as compared to the same 3 months of 2018 (3 months 2019: 14.45 mRON; 3 months 2018: 11.47 mRON). As compared to the budgetary provisions, the net profit is growing by 52.2%.

 

At 31.03.2019 the operating revenues recorded a growth by 6.9% as compared to the 3 months 2018 (105.93 mRON 3 months 2019 from 99.06 mRON 3 months 2018), due to the increase in transport revenues by 6.7% (95.99 mRON 3 months 2019 to 90.0 mRON 3 months 2018). As compared to the budget provisions, the operating revenues increased by 7.3%;

 

The operating expenses achieved during January-March 2019 recorded an increase by 5.0% YoY (90.51 mRON 3 months 2019 from 86.23 mRON 3 months 2018) and by 2.9% as compared to Budget.

 

The operating expenses registered within the first 3 months of 2019 were influenced by the price increase of the personnel expenses following the negotiation of a new collective labor agreement, respectively the increase of the monthly gross average earnings per employee from 6,145 RON/employee to 6,618 RON/employee.

 

Financial Results

Indicators (thousand RON)

 

3 months 2019

BUDGET 3 months 2019

3 months 2018

Variation % 3 months 2019/

Budget

Variation % 3 months 2019 /2018

Net Turnover

98,830

91,100

90,964

8.5%

8.7%

Operating Revenues

105,928

98,730

99,064

7.3%

6.9%

Operating Expenses

90,510

87,969

86,234

2.9%

5.0%

EBITDA

26,751

22,139

24,053

20.8%

11.2%

Operating Profit (EBIT)

15,418

10,761

12,830

43.3%

20.2%

Total revenues

107,906

99,555

100,114

8.4%

7.8%

Total expenses

90,550

87,979

86,235

2.9%

5.0%

Gross Profit (EBT)

17,356

11,576

13,879

49.9%

25.1%

Net Profit

14,449

9,492

11,465

52.2%

26.0%

 

The Financial Statements prepared at 31.03.2019 have not been audited.

 

Quarterly Report regarding the economic-financial activity of CONPET S.A. for the exercise ended March 31, 2019 and Financial Statements at the date and for the period of 3 months ended March 31, 2019 can be consulted by accessing the following link:

 

Director General

eng. Timur – Vasile CHIS

S.s. Illegible

Stamp

 

Economic Director

econ. Sanda Toader

S.s. Illegible

 

 

 



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