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CONPET SA - COTE

2018 Q1 report

Release Date: 5/14/2018 6:45:10 PM

IRIS Code: 20947

CONPET SA

No. 1-3 Str.Anul1848, Ploiesti, Prahova, Romania

Tax identification number 1350020

NACE Code 4950

Registered at Prahova Chamber of Commerce under number J29/6/22.01.1991

Subscribed and paid-up share capital 28 569 842.40 RON

 

 

Financial Results for the period of three months, concluded at March 31,2018

 

CONPET SA registered in Quarter I, 2018 a turnover of 91.0 thousand RON,  sensitively equal the one in the same quarter of the previous year.

In the first 3 months of the year 2018 the company registered a net profit in amount of 11.5 mRON, decreasing by 8.1 mRON as compared to Quarter I 2017 (Quarter I 2018: 11.5 mRON; Quarter I 2017: 19.6 mRON).

At 31.03.2018 the operating revenues faced a slice decrease, by 0.2% as compared to Quarter I, 2017 (99.1 mRON 3 months 2018 from 99.3 mRON 3 months 2017).

The operating expenses realised in Quarter I, 2018 have recorded an increase by 11.8% as compared to the level recorded in the similar period of the year 2017 (86.2 mRON 3 months 2018 from 77.2 mRON 3 months 2017).

The operating expenses recorded in Quarter I, 2018 have been influenced by augmentations of the prices with electric power and natural gas, the increase of personnel expenses following the negotiation of the new labour agreement, namely the increase of the gross monthly earnings per employee, from 4004 RON/employee up to 5086 RON/employee.

In Quarter I, 2018 were applied the same transport tariffs as in Quarter I, 2017, the price increases for goods and services, as well as the salary augmentations not having been included in the structure of these tariffs, the latter lowering the profit margin achieved in Quarter I, 2017.

As compared to Quarter I, 2017, the operating profit (EBIT) registered a decrease by 9.3 mRON  (Q I 2018:12,8 mRON; QI 2017: 22.1 mRON).

Financial Results

 

Indicators (mRON)

3 months 2018

3 months 2017

Variation %

Net turnover

90,964

91,061

0.1%

Operating revenues

99,064

99,309

0.2%

Operating expenses

86,243

77,165

11.8%

EBITDA

24,044

33,234

27.7%

Operating profit (EBIT)

12,821

22,144

42.1%

Financial profit

1,050

948

10.8%

Total revenues

100,114

100,266

0.2%

Total expenses

86,244

77,175

11.8%

Gross profit (EBT)

13,870

23,091

39.9%

Net profit

11,465

19,550

41.4%

 

The financial results of Quarter I, 2018 and Quarter I, 2017 have not been audited.

 

 Quarterly Report regarding the economic-financial activity of CONPET S.A. for the exercise ended March 31, 2018 and the Interim Financial Statements on the date and for the period of three months ended March 31, 2018 can be consulted by accessing the following link:


 

Director General

Eng. Dan-Silviu BACIU, M.B.A.

S.s. illegible

Stamp

 

 

 

 

Economic Director

Econ. Sanda TOADER

S.s. illegible

 

 

 



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