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CONPET SA - COTE

Q1 financial results

Release Date: 5/14/2020 8:00:05 AM

IRIS Code: 6A25B

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–March 2020

 

 

 

 

CONPET SA recorded, in the first 3 months of 2020, a turnover of 105.71 million RON, increasing by 7.0% as compared to the same period of the previous year and by 2.3% compared to the budgetary provisions.

The net profit achieved during January–March 2020, of 16.30 mRON is increasing by 4.00 mRON (32.5%) as compared to the budget provisions and by1.85 million RON (12.8%) YoY.

At 31.03.2020, the operating revenues recorded an increase by 7.3 % as compared to 3 months 2019 (113.7 mRON: 3 months 2020 from 105.93 mRON: 3 months 2019), due to increase of transport revenues by 9.4% (105.00 mRON 3 months 2020 from 95.99 mRON 3 months 2019).  As compared to the budget provisions, the operating revenues increased by 1.7%.

The operating expenses achieved in 3 months 2020 recorded an increase by 6.7% as compared to the same period in 2019 (3 months 2020: 96.60 mRON, 3 months 2019: 90.51 mRON) mainly determined by the increase of the prices in electricity, natural gas, railway transport services, as well as in personnel expenses.

 

The operating profit achieved in 3 months 2020 amounting to 17.10 mRON, recorded an increase of 29.9% (3.94 mRON) as compared to Budget, favorably influencing the EBIDTA indicator that reached the level of 29.26 mRON. As compared to 3 months 2019, the operating profit registered an increase by 1.68 mRON.

 

 

 

 

 

Financial Results

 

Indicators

(Thousand RON)

Quarter I

2020

Revenues and Expenditure Budget (REB)

 Quarter I

2020

Quarter I 2019

Variation (%)

Variation (%)

Quarter I 2020 Budget

Quarter I 2020/2019

Net Turnover

105,715

103,361

98,830

▲2.3%

▲7.0%

Operating Revenues

113,696

111,834

105,928

▲1.7%

▲7.3%

Operating Expenses

96,601

98,671

90,510

▼2.1%

▲6.7%

EBITDA

29,258

24,862

26,751

▲17.7%

▲9.4%

Operating Profit (EBIT)

17,095

13,163

15,418

▲29.9%

▲10.9%

Total incomes

115,652

113,280

107,906

▲2.1%

▲7.2%

Total expenses

96,719

98,726

90,550

▼2.0%

▲6.8%

Gross Profit (EBT)

18,933

14,554

17,356

▲30.1%

▲9.1%

Net Profit

16,303

12,305

14,449

▲32.5%

▲12.8%

 

The Financial Statements prepared at 31.03.2020 have not been audited. 

Quarterly Report regarding the economic-financial activity of CONPET S.A. for the exercise ended March 31, 2020 and Financial Statements at the date and for the period of 3 months ended March 31, 2020 can be consulted by accessing the following link:

 

 

Director General

PhD Eng. Chis Timur - Vasile

S.s. Illegible

Stamp

 

Economic Director

Econ. TOADER Sanda

S.s. Illegible

 

 

 

 

 

 



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