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CONPET SA - COTE

2018 Preliminary financial results

Release Date: 2/28/2019 8:04:24 AM

IRIS Code: B50FB

CONPET S.A.

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

 

 

 

 

 

Preliminary financial results for the period January - December 2018

 

 

 

 

CONPET SA registered, in 2018, a turnover of 385.14 mRON, higher by 2.2% as compared to 2017 and 1.1% higher than the budget provisions.

The net profit achieved during January - December 2018 amounts to 59.47 mRON is higher by 13.66 mRON (29.8%) as compared to the budget provisions and 14.92 million RON (20.1%) lower than in 2017.

At 31.12.2018, the operating revenues knew an increase by 1.8% as compared to 2017 (418.44 mRON 2018, from 411.18 mRON in 2017), following the increase of the transport revenues by 2.2% (380.58 mRON 2018 from 372.36 mRON 2017). As compared to the budget provisions, the operating revenues increased by 1.4%;

The operating expenses achieved in 2018 recorded an increase by 7.8% as compared to the one achieved in 2017 and a decrease by 1.8% as compared to the budget provisions. The increase in the operating expenses was mainly due to the application, starting 01.01.2018 of the salary increases stipulated in the Collective Labor Agreement ended at 2017Q3.

 

The operating profit achieved in 2018, in amount of 64.83 mRON, recorded an increase of 22.8% as compared to the budget provisions and a decrease by 21.9% as compared to 2017.

 

 

 

 

 

 

 

 

 

 

Financial Results

 

Indicators (thousand RON)

 

 YEAR 2018

Revenues and Expenditure Budget 2018

Year

 2017

Variation%

 2018/

Budget

Variation%

 2018/

2017

2018Q4

2017Q4

Variation

%

QIV 2018/2017

Net Turnover

385,140

381,080

376,685

1.1%

▲2.2%

101,448

94,175

▲7.7%

Operating Revenues

418,435

412,763

411,179

1.4%

▲1.8%

109,816

103,041

6.6%

Operating Expenses

353,601

359,947

328,124

1.8 %                                   

▲7.8%

93,029

87,247

6.6%

EBITDA

109,336

97,124

127,529

▲12.6%

▼14.3%

27,993

26,845

4.3%

Operating Profit (EBIT)

64,834

52,816

83,055

▲22.8%

▼21,9%

16,787

15,794

▲6.3%

Total revenues

423,897

414,321

414,792

▲2.3%

▲2.2%

111,514

103,989

▲7.2%

Total expenses

353,612

360,047

328,169

▼1.8%

▲7.8%

93,034

87,258

6.6%

Gross Profit (EBT)

70,285

54,274

86,623

▲29.5%

▼18.9%

18,480

16,731

10.5%

Net Profit

59,466

45,811

74,388

▲29.8%

▼20.1%

15,748

15,515

1.5%

 

 

The preliminary Financial Statements prepared at 31.12.2018 have not been audited.

The preliminary Financial Statements prepared at 31.12.2018 can be consulted by accessing the following link:

 

 

 

 

 

Director General

Eng. Chis Timur - Vasile

 

 

 

 

 

Economic Director

Econ. Sanda Toader

 

 



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