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CONPET SA - COTE

2019 Preliminary financial results

Release Date: 2/21/2020 8:21:49 AM

IRIS Code: 1AF24

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

 

 

 

 

 

 

 

Preliminary 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 57.57 mRON, is higher by 13.77 mRON (31.4%) as compared to the budget provisions and by 3.11 million RON (5.1%) lower than in 2018.

At 31.12.2019, the operating revenues increased by 5.7% as compared to 2018 (442.56 mRON: 2019, from 418.71 mRON in 2018), following the increase of the transport revenues by 5.6% (402.02 mRON 2019 from 380.58 mRON 2018). As compared to the budget provisions, the operating revenues increased by 5.6%.

The operating expenses achieved in 2019 increased by 8.1% as compared to the same period in 2018 (2019: 381.14 mRON, 2018: 352.47 mRON). This was mainly determined by the increase in tariffs of materials, energy, gas and rail transport, as well as the increase in the personnel expenses.

Exceeding of the transport program (631 thousand tons) has led to costs over the budgeted level 2.6% (royalty, modernization quota of rail transport services).

 

The operating profit achieved in 2019, of 61.41 mRON, recorded an increase of 29.1% (13.85 mRON) as compared to Budget, favorably influencing the EBIDTA indicator that reached the level of 108.26 mRON. As compared to 2018, the operating profit decreased by 4.83 mRON, negatively influencing the EBIDTA indicator by 2.49 mRON (2.2%).

 

 

 

Financial Results

 

Indicators (thousand RON)

Year

 2019

Budget 2019

Year 2018

Variation (%) 2019/

Budget

Variation (%)

2019/2018

Q IV 2019

Q IV 2018

Variation (%)

 Q IV 2019/ 2018

Net Turnover

407,822

385,257

385,140

5.9%

5.9%

103,620

101,448

2.1%

Operating Revenues

442,556

419,074

418,711

5.6%

5.7%

112,569

110,093

2.2%

Operating Expenses

381,142

371,510

352,471

2.6%

8.1%

104,650

91,900

13.9%

EBITDA

108,256

93,467

110,741

15.8%

▼ 2.2%

20,125

29,398

31.6%

Operating Profit (EBIT)

61,414

47,564

66,240

29.1%

7.3%

7,919

18,193

56.5%

Total Revenues

450,429

424,424

424,173

6.1%

6.2%

114,503

111,790

2.4%

Total Expenses

381,216

371,600

352,482

2.6%

8.2%

104,672

91,904

13.9%

Gross Profit (EBT)

69,213

52,824

71,691

31.0%

3.5%

9,831

19,886

50.6%

Net Profit

57,568

43,803

60,676

31.4%

5.1%

7,490

16,958

55.8%

 

 

The preliminary Financial Statements concluded at 31.12.2019 have not been audited.

 

 

 

 

Director General

Eng. Chis Timur - Vasile

 

 

 

 

 

Economic Director

Econ. TOADER Sanda

 

 



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