If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Tuesday, May 18, 2021 
Market Status: Open
About us and Governance Investor Relations Contact
Advanced search

Market News


CONPET SA - COTE

2020 Preliminary financial results

Release Date: 2/25/2021 8:02:23 AM

IRIS Code: 92A8D

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 2020

 

 

CONPET SA achieved in 2020 a turnover of 406.93 million RON, decreasing by 0.2% as compared to the same period of the previous year and increasing by 0.5% as compared to the budgetary provisions.   

 

The company ended 2020 with a net profit amounting to 58.90 million RON, 3.44 million RON higher than budgeted (6.2%) and at a level roughly equal to that recorded in 2019.

 

At 31.12.2020, the operating revenues recorded an increase by 1.0% YoY (447.61 mRON: 2020, from 443.00 mRON: 2019). As compared to the budget provisions, the operating revenues increased by 0.8%.

 

The operating expenses achieved in 2020 increased by 1.3% as compared to the same period in 2019 (2020: 385.90 mRON, 2019: 380.86 mRON) mainly due to the increased crude oil rail transport services expenses, personnel expenses and expenses with the modernization quota as a source of financing for investments in the public domain. As compared to the budget, the operating expenses are 0.8% above the budgeted level.

 

The operating profit achieved in 2020, of 61.72 mRON decreased by 0.43 mRON (0.7%), as compared to year 2019. As compared to the budget provisions, the operating revenues increased by 0.72 mRON (1.2%).

 

The financial profit recorded in 2020 is up to 1.34 mRON compared to budget. As compared to 2019, the financial profit recorded a decrease of 1.95 mRON due to low interest rates offered by banks for deposits.

 

The gross profit recorded a decrease of 2.39 mRON (3.4%) as compared to 2019. As compared to the budget, the operating revenues increased by 2.06 mRON (3.2%).

 

Financial Results

 

Indicators (thousand RON)

 

YEAR 2020

BUDGET2020

YEAR 2019

Variation % 2020/

BUDGET

Variation % 2020/2019

Quarter IV 2020

Q4 2019

Variation % QIV 2020/2019

Net Turnover

406,928

405,013

407,822

0.5%

▼0.2%

102,919

103,620

▼0.7%

Operating Revenues

447,611

443,854

443,003

0.8%

1.0%

113,243

113,016

0.2%

Operating Expenses

385,895

382,858

380,855

0.8%

1.3%

104,040

104,363

▼0.3%

Operating Profit (EBIT)

61,716

60,996

62,148

1.2%

▼0.7%

9,203

8,653

6.4%

Total income

453,733

448,699

450,877

1.1%

0.6%

114,338

114,951

▼0.5%

Total expenses

386,415

383,444

381,173

0.8%

1.4%

103,975

104,629

▼0.6%

Gross Profit (EBT)

67,318

65,255

69,704

3.2%

▼3.4%

10,363

10,322

0.4%

Net Profit

58,904

55,466

58,877

6.2%

0.1%

9,958

8,799

13.2%

 

We mention that, the Financial Statements concluded at 31.12.2020 have not been audited.   

The preliminary annual financial results for 2020 can be consulted by accessing the following link:

 

 

Director General

eng. TUDORA Dorin

S.s. Illegible

Stamp

 

 

Economic Director

Econ. TOADER Sanda

S.s. Illegible

 

 

 

 

 

 

 

 

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved