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CONPET SA - COTE

2017 Q3 financial results

Release Date: 11/14/2017 6:45:31 PM

IRIS Code: AAA4D

CONPET SA

Str.Anul 1848 nr.1-3, Ploiesti, Prahova, Romania

Codul unic de inregistrare 1350020

Cod CAEN 4950

Inregistrata la Registrul Comertului Prahova sub numarul J29/6/22.01.1991

Capital social subscris si varsat 28 569 842,40 lei

 

 

 

 

 

Financial results for the nine months period ended September 30, 2017

 

 

 

At September 30, 2017, the company’s net profit reached 63,114 thousand RON, being 11.3% higher than the similar period last year.

 

Within the first nine months of 2017, turnover amounted to 282,510 thousand RON, registering a slight decrease, by 0.1% YoY.

 The total transport revenues lowered by the amount of 2,519 thousand RON due to the decrease of the transported quantities by 225 thousand tons as compared to the volumes transported in the similar period of 2016. This situation was mainly due to the close-down of Lukoil Ploiesti refinery for technological overhaul, during 25.02.2017-05.04.2017.

The operating expenses achieved within the first nine months of 2017 recorded 1.8% decrease versus the similar period of 2016 (from 240,217 thousand RON 9 months 2016, to

235,827 thousand RON 9 months 2017).

 

Within the first nine months of 2017, EBITDA grew by 9.9% (9,491 thousand RON) YoY.  The increasing trend of EBITDA was mainly supported by the savings registered at the operating costs in amount of 6,778 thousand RON.

EBIT recorded 10.9% increase compared to the first 9 months of 2016, reaching the value of 72,311 thousand RON 2017 versus 65,208 thousand RON at 9 months 2016.

Gross Profit

The profit before taxation grew by 10.4% as compared to nine months 2016 (74,942 thousand RON, from 67,909 thousand RON).

The financial result recorded within the first nine months of 2017 was positive (2,631 thousand RON).

 

 

 

 

 

 

 

 

 

 

Financial Result

 

Indicators (thousand RON)

9 months 2017

9 months 2016

Variation %

2017 Q3

2016

 Q3

Variation %

Net turnover

282,510

282,842

-0.1%

96,196

95,361

0.9%

Operating Revenues

308,138

305,425

0.9%

105,534

103,170

2.3%

Operating Expenses

235,827

240,217

-1.8%

79,160

80,767

-2.0%

EBITDA

105,734

96,243

9.9%

37,517

33,115

13.3%

Operating profit (EBIT)

72,311

65,208

10.9%

26,374

22,403

17.7%

Financial profit

2,631

2,701

-2.6%

730

877

-16.8%

Total Revenues

310,804

308,200

0.8%

106,280

104,065

2.1%

Total Expenses

235,862

240,291

-1.8%

79,175

80,785

-2.0%

Gross Profit (EBT)

74,942

67,909

10.4%

27,105

23,280

16.4%

Income Tax

11,828

11,174

5.8%

4,385

3,590

22.1%

Net profit

63,114

56,735

11.3%

22,720

19,690

15.4%

 

 

 

Director General

ILASI Liviu

 

 

Economic Director

TOADER Sanda

 



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